Under the authority of the Federal Reserve Act of 1913: A. member banks were required...
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Accounting
Under the authority of the Federal Reserve Act of 1913: A. member banks were required to purchase capital stock in the Federal Reserve Banks of their district B. member banks may not borrow from the Fed C. a formal open-market committee arrangement was established D. national banks were permitted to become members of th Fed it they could show evidence of satifactory financial condition
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