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Kudlow's Corner

Quiz: CNBC Quiz: Bernanke Lecture Series

Question 3 of 10

Whose famous dictum was “during a panic, central banks should lend freely…as long as they have collateral, give them money?”

  1. Paul Volcker
  2. Walter Bagehot
  3. William McChensey Martin
  4. Ben Bernanke
Correct!

The answer is Walter Bagehot.