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:

Profitability

The state or condition of yielding financial profit or gain, typically measured over a specific period of time.

Use Of Debt

The practice of borrowing funds to finance activities, investments, or purchases, often as a strategic financial decision.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.

Liquid Assets

Assets that can be quickly and easily converted into cash without significant loss in value.