The Speed at Which the Economic Depression That Started in 1873

question 11

Multiple Choice

The speed at which the economic depression that started in 1873 spread to various financial capitals proved that

• A)banks were not a safe place for one's money.
• B)banks were not regulated enough.
• C)banks were regulated too much.
• D)improvements in transportation and communication had created an interconnected global economy.
• E)tariffs and protectionism could spare a country from an economic crisis.

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Definitions:

Assets

Resources owned or controlled by a business or individual that are expected to produce economic value or benefit in the future.

Return on Assets

A measure of how effectively a company is using its assets to generate earnings.

Revenues

Revenues are the total amount of money received by a company for goods sold or services provided during a specific period.

Expenses

Costs incurred in the process of earning revenue, often categorized into operating and non-operating expenses.