All of the following are reasons why these financial foundations were important in making possible the rapid growth of the U.S. economy during the nineteenth and twentieth centuries, except: A. A central bank provided direct control over all interest rates, facilitating the control and direction of the overall economy. B. The financial system provided a way for funds to flow from savers to entrepreneurs establishing and expanding new businesses. C. A central bank made loans more widely available to businesses and inspired state governments to allow other private banks to be established. D. Once financial markets were organized, they provided corporations with a way to raise funds and investors with a way to participate in the growth of the economy.
Business
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