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In 1932,the Reconstruction Finance Corporation

Question 24

Multiple Choice

In 1932,the Reconstruction Finance Corporation


A) lent funds only to financial institutions with sufficient collateral.
B) was created by Congress over President Herbert Hoover's veto.
C) focused most of its spending on large urban cities in the Northeast.
D) was ruled unconstitutional by the Supreme Court.
E) spent most of its money trying to prop up unstable local banks.

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