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Business, 06.08.2021 01:40 shelbylynn17

The purpose of the local clearinghouses established by banks in the early 1900s was to: A. merge failing banks with healthy ones. B. facilitate the transfer of electronic funds between member banks. C. pool resources of several local banks so that the clearinghouse could guarantee a member's deposits in case of a bank run. D. help people who were unemployed find jobs.

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