The Weakness of the Fed's Actions During the Banking Crisis

question 51

Multiple Choice

The weakness of the Fed's actions during the banking crisis of the early 1930s resulted in

• A)a change in the law restricting its ability to make discount loans.
• B)the introduction of a federal system of deposit insurance.
• C)the establishment of the savings-and-loan industry.
• D)the elimination of reserve requirements on demand deposits.

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Definitions:

Coal Miners

Individuals and companies engaged in the extraction of coal from the earth.

Environmental Laws

Regulations and standards aimed at preserving and protecting the environment from harmful practices or pollutants, promoting sustainability.

Oil

A natural fossil fuel that is used primarily for energy production and as a raw material in manufacturing.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.