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The McFadden Act of 1927

Question 69

Multiple Choice
The McFadden Act of 1927

The McFadden Act of 1927


A) effectively prohibited banks from branching across state lines.
B) required that banks maintain bank capital equal to at least 6 percent of their assets.
C) effectively required that banks maintain a correspondent relationship with large money center banks.
D) did all of the above.

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