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Explain why a collapse of the banking system

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Reference no: EM132506694

1a. Explain why a collapse of the banking system such as happened during the Great Depression causes a large decline in the money supply.

1b. Referring to the previous question, what have the Federal Reserve and other agencies done to prevent this from happening again like it did in the Great Depression? What institution(s) were created or strengthened? What policy actions have been taken?

Reference no: EM132506694

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