During the 1980s and 1990s, the Number of Domestically Chartered

question 64

Multiple Choice

During the 1980s and 1990s, the number of domestically chartered commercial banks in the United States

• A)declined by more than one-third.
• B)more than doubled.
• C)more than tripled.
• D)declined by about 90%.

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Definitions:

Expected Rate

The anticipated return or yield on an investment or savings account, often based on historical data or statistical analysis.

Business Cycle

The fluctuating levels of economic activity that an economy experiences over a period, characterized by expansion and contraction phases.

Discouraged Workers

Individuals who are not actively seeking employment due to believing no jobs are available for them or none that match their skills.

Unemployment Rate

The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.