Economic collapse during the 1930s,the banking system in the U.S.performed directly or indirectly all financial services.Those functions included all of the following EXCEPT

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Money market funds did not exist until the 1970s, so the banking system during the 1930s did not perform this function. However, commercial banking, investment banking, and stock investing were all functions performed by the banking system during that time period.

Economic Collapse During the 1930s,the Banking System in the U