asked 85.6k views
1 vote
Following the Great Depression, the Federal Reserve

A. let banks set their own interest rates paid to depositors
B. imposed restrictions on the interest rates that banks could pay depositors
C. required that banks should lend money to anyone who had a home
D. let banks charge borrowers whatever they wanted

I'm thinking it's B

asked
User Anik
by
7.7k points

1 Answer

3 votes
You are right, the answer is B. The federal reserve made the great depression worse by withholding liquidity when the system needed it most.
answered
User Smheidrich
by
7.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.