The Franklin National Bank Crisis had its greatest impact on the market for

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The Franklin National Bank Crisis was a banking crisis that occurred in 1974 in which the Franklin National Bank, one of the largest banks in the United States, was declared insolvent due to large losses in foreign currency trading. This crisis had a significant impact on the market for negotiable certificates of deposit, as the bank had issued a large number of these instruments to fund its operations. The crisis led to a loss of confidence in the banking system and a tightening of credit conditions, which had broader impacts on the economy.

The Franklin National Bank Crisis Had Its Greatest Impact on the Market