Which of the Following Did NOT Occur as a Result

question 64

Multiple Choice

Which of the following did NOT occur as a result of the weakness of the Fed's actions during the banking crisis of the early 1930s?

• A)Congress amended the Fed's charter to broaden the permissible collateral for discount loans.
• B)Congress amended the Fed's charter to limit the convertibility of dollars into gold.
• C)A federal system of deposit insurance was introduced.
• D)Congress amended the Fed's charter to require it to make discount loans to any banks requesting them.

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