What was the primary lesson learned from the Panic of 1907?
A) The importance of wealthy families in the banking industry
B) The need to eliminate federal oversight of banks and return oversight to the level of states
C) The need for a central bank and laws and regulations for banking
D) The need for deregulation of financial markets and tighter control of monopolies
Correct Answer:
Verified
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Q15: The Panic of 1907 was triggered by
A)excessive
Q16: Low nominal interest rates can indicate
A)an economy
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Q22: The expansion of the "junk bond" market
Q23: Financial deregulation in the 1980s ultimately led
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