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1. According to Chapter 1, where did the idea for the Federal Reserve System originate?
2. According to Chapter 1, what were banks allowed to lend prior to the establishment of the Federal Reserve System?
3. According to Chapter 1, what did over-lending by banks result in?
4. In Chapter 1, how is a "public run" defined?
5. In Chapter 1, how is a "currency drain" defined?
(read all 60 Short Essay Questions and Answers)
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