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Britain 'S Departure from the Gold Standard in September 1931

Question 1

Multiple Choice

Britain 's departure from the gold standard in September 1931 ____ bank closures in the United States because ____.


A) decreased, the British decided to invest their gold in the U.S.
B) increased, anyone who wanted gold had to withdraw it from U.S. banks.
C) decreased, Britain could now follow expansionary monetary policies at home.
D) increased, people realized that the United States was about to "bail out" Britain with large loans.

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