Which of the following did NOT happen during the onset of the Great Depression?
A)The money supply fell as households took money out of banks.
B)The Bank of Canada decreased the bank rate.
C)The real GDP per person fell about 30 percent.
D)Bankers began holding greater reserves.

Question

Quizplus · Accepted Answer

The Bank of Canada was not established until 1934, several years after the onset of the Great Depression. Therefore, it could not have decreased the bank rate during that time.

Which of the Following Did NOT Happen During the Onset