Based on the Information in the Table, We Can Conclude

Multiple Choice

Based on the information in the table, we can conclude that, in 1932, each of the following events occurred except:

A) The public increased the amount of currency it held.
B) Banks were keeping more of their deposits in reserves, and making fewer loans.
C) The Federal Reserve conducted open-market sales of U.S. government bonds.
D) The Federal Reserve injected reserves into the banking system.