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56
Why were the Fed's purchases of treasury bonds ineffective?
Too little too late
Modest purchases were made in late 1929 and a $1.1 billion purchase was made in 1932.
Modest purchases were made in late 1929 and a $1.1 billion purchase was made in 1932.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010