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How does the Federal Reserve prevent runs on banks? a.) b.) c.) d.) By acting as a lender of last resort to member banks By
How does the Federal Reserve prevent runs on banks?
- a.)
- b.)
- c.)
- d.)
By acting as a lender of last resort to member banks
By guaranteeing people's deposits
It doesn't; banks need to establish good reputations on their own
By printing more money if necessary
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