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To Avert Further Banking Panics,during Which Account Holders Raced to Withdraw

Question 12

Multiple Choice

To avert further banking panics,during which account holders raced to withdraw funds,the New Deal


A) created the Home Owners Loan Corporation in 1933.
B) passed the Glass-Steagall Act in 1933.
C) declared a bank holiday in 1933.
D) created the Securities and Exchange Commission in 1934.

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