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What were the two requirements for a commercial bank to join the Federal Reserve?
1) Must purchase stock in the a Federal district bank
2) Must deposit cash reserves in the district bank
Why? so Fed could serve as clearinghouse
2) Must deposit cash reserves in the district bank
Why? so Fed could serve as clearinghouse
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 12.10.2010