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Keith_Richards [23]
3 years ago
10

Why was the RFC not successful?

History
1 answer:
sesenic [268]3 years ago
4 0

Answer:

The RFC lending program failed to prevent the worst financial crisis in American history. The effectiveness of RFC lending to March 1933 was limited in several respects. ... A criticism of the RFC was that it often took a bank's best loan assets as collateral. Thus, the liquidity provided came at a steep price to banks.

Explanation:

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