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Question
One lesson learned from the bank panics of the early 1930's is:A. the lender of last resort function almost guarantees that bank panics are a thing of the past.
B. the mere existence of a lender of last resort will not keep the financial system from collapsing.
C. only the U.S. Treasury can be a true lender of last resort.
D. the financial system will collapse without a lender of last resort.
Answer
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Related questions
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