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Author Question: On the eve of the Civil War, cotton was the major crop in the Old South. Indicate whether the ... (Read 61 times)

nmorano1

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on: Jun 30, 2018
On the eve of the Civil War, cotton was the major crop in the Old South.
 
  Indicate whether the statement is true or false

Question 2

Prior to the establishment of the Federal Reserve System (1913), reserve requirements
 
  (a) limited the banks' ability to lend.
  (b) did not restrict the amount of paper-money issued by banks.
  (c) freed banks to create as much money as the market could bear without regard for risk and withdrawal rates.
  (d) forced banks to place deposits in the national bank.


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momolu

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

(a)


nmorano1

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Reply #2 on: Jun 30, 2018
Thank you :)


momolu

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Reply #3 on: Jun 30, 2018
Happy to help you


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