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Essay text:
The banker called the Federal Reserve Bank in Minneapolis and warned that unless this "mad run" were stopped, he would soon be out of currency. With the bank nearly two-hundred miles from Minneapolis, a small plane carrying two Federal Reserve Bank officials and a half-million dollars in cash were quickly flown into town. Upon approaching the town the pilot guided the plane low over the main street in a sensational arrival and then landed. From there, the money was carried ceremoniously into town and stacked along the bank's teller windows. The sight of the money calmed the customers fears and saved the bank from failing...
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Common topics in this essay:
- The Federal Reserve And Its Role In The Global Economy
- Federal Reserve Bank Changing Money Supply
- Federal Reserve and Money Supply
- Federal Reserve's Role in the Economy
- Federal Reserve
- Federal Reserve
- Federal Reserve
- Federal Reserve
- Federal Reserve
- Federal Reserve
- federal reserve
- how does the federal reserve control the money supply?
- Federal Reserve Act
- Federal Reserve
- Federal Reserve Act
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