This flashcard is just one of a free flashcard set. See all flashcards!
46
From 1930-1932, banks closed with deposit losses of around $X billion. What was the Fed's response?
5,000 banks closed
losses of $3 billion (7% of total deposits)
The Fed did nothing.
losses of $3 billion (7% of total deposits)
The Fed did nothing.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010