The Emergency Banking Act of 1933

question 44

Multiple Choice

The Emergency Banking Act of 1933

• A)founded the system of central banking still used in the United States.
• B)established a bank holiday that closed all banks in the country for one month.
• C) expanded the monetary controls of the Federal Reserve.
• D) separated commercial banking from investment banking to protect assets.

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Definitions:

Discrete Random Variable

A variable that can take on a countable number of distinct values, often representing the outcomes of some random process.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent values under a given set of parameters or conditions.

Binomial Probability Distribution

A probability distribution that summarises the likelihood that a value will take one of two independent values under a given set of parameters or assumptions.

Probability Of Success

Refers to the chance that a given event will occur, often denoted in statistics by the symbol p.