Answer:
Banks fulfil several key functions in the economy. They improve the allocation of scarce capital by extending credit to where it is most productive, as well as allowing households to plan their consumption over time through saving and borrowing (Allen and Gale 2000)
Explanation:
He was the vice president to FDR and the letter I suppose you're asking for is the one he wrote in 1952 titled "Why I was wrong"
OC. A currency exchange rate encourages specialization
Assimilation is the correct answer.