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During the Banking Crisis in the United States That Ended

Question 161

Multiple Choice

During the banking crisis in the United States that ended in March 1933, ________.


A) the money supply (M1) had declined by over 25 percent-by far the largest decline in American history
B) the money supply declined despite a 20 percent rise in the monetary base
C) both the currency ratio c and the excess reserves ratio e rose
D) All of the above.

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