Multiple Choice
The creation of the Federal Reserve in 1913:
A) provided the opportunity for lender of last resort but not the guarantee that it would be used.
B) guaranteed the Federal Reserve would always act as lender of last resort.
C) eliminated bank panics in the U.S.
D) was in response to the Great Depression in the U.S.
Correct Answer:
Verified
Correct Answer:
Verified
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