According to Fed Chairman Bernanke's analysis of the Depression-era financial system,
A) bank lending was often based on long-term relationships between banks and customers
B) after the banking system collapsed, it recovered quickly due to government intervention.
C) bank lending at large was a severely depersonalized endeavor by 1925, which caused risky loan practices.
D) Both a and b are correct.
Correct Answer:
Verified
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