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Why did the U.S. banking system need to be reformed in the early 1900s? A. Interest rates for loans rarely fluctuated. B. Banks had full access to their reserves when customers wanted to withdraw money. C. The nation had no central authority to supervise banks. D. Too many people controlled the reserve funds of the nation s banks.
The reason why the U.S. banking system needed to be reformed in the early 1900s is C. The nation had no central authority to supervise banks.
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