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112
The National Monetary Commission was created to study the US banking system and make recommendations. What two recommendations did it suggest?
1) Create a A (2 words) to hold bank reserves and act as B (4 words).
2) The Central bank should serve as fiscal agent for the C (1-2 words).
1) Create a A (2 words) to hold bank reserves and act as B (4 words).
2) The Central bank should serve as fiscal agent for the C (1-2 words).
A. central bank
B. lender of last resort
C. Federal government
B. lender of last resort
C. Federal government
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010