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ECON 0280 Problem Set 7

ECON 0280 Problem Set 7 - 3 The official repeal of the...

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ECON 0280: Introduction to Money and Banking Problem Set 7—Ball Chapter 8 1. Explain the key aspects of the three types of commercial banks 2. What restriction did the McFadden Act of 1927 place on commercial banks? How does this law explain the existence of many small banks in the US?
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Unformatted text preview: 3. The official repeal of the McFadden Act in 1994 led to consolidation in the banking sector. What are the benefits of this consolidation? What are the possible costs? 4. Explain the motivations for the large increase in securitization and the problems associated with it. 1...
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