The Development of Modern Banking

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Created by: IB Economics
  1. What are National Bank Notes?
  2. What was the importance of the Federal Reserve System?
  3. Despite the Fed, did banking massive banking failures occur during the Great Depression?
  4. _________, high interest rates, inadequate financial reserves, and fraud reduced the number of S&Ls by half in the 1980's.
  5. In what year did the National Banking Act end?
  6. What is the Fed abbreviated for?
  7. What are NOW accounts?
  8. A credit union is _______
  9. A person or institution to whom money is owed is called what?
  10. The 1990's were marked as a period of what?

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