One Reason Why Financial Panics in the United States in the Nineteenth

question 76

Multiple Choice

One reason why financial panics in the United States in the nineteenth and early twentieth centuries resulted in less bank lending is that

• A)depositors converted significant amounts of bank deposits to currency.
• B)banks shifted from loans to purchases of U.S. government securities as the yields on these securities rose sharply.
• C)the U.S. government restricted bank lending in order to free funds to cover its budget deficits.
• D)companies shifted from bank loans to the bond market as rates on bonds dropped below rates charged by banks.

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Definitions:

Tie-rod Assembly

A crucial component of the steering mechanism that transmits force from the steering center link to the steering knuckle, enabling wheel turning.

Steering System

The system in vehicles that allows the driver to guide and direct the vehicle in the desired direction.

Crosstube Tie-rod Ends

Components in a vehicle's steering system that connect the tie rods to the steering knuckles, crucial for precise steering control.

Ackerman Arm

Steering component that connects a tie rod end to the steering knuckle.