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The Banking Crisis That Began in the United States in 1929

Question 6

Multiple Choice

The banking crisis that began in the United States in 1929 was caused in part by ____________.


A) the Federal Reserve Board's decision to raise the discount rate several times during the previous year
B) enactment of legislation during the Coolidge administration to impose higher taxes on interest income
C) risky loans made during the 1920s
D) the collapse of the World Bank

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