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Which answer below explains why some might have FAVORED the old banking system? a.)All of the account holders at a bank could make a run
Which answer below explains why some might have FAVORED the old banking system?
- a.)All of the account holders at a bank could make a run by asking to withdraw their funds at the same time.
- b.)The value of notes from unknown banks was unclear.
- c.)Prices were uncertain in trading over long distances.
- d.)Currency traders could make a lot of money by exchanging it between cities.
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