Which of the Following Historical Events Motivated Congress to Establish

question 90

Multiple Choice

Which of the following historical events motivated Congress to establish the Federal Reserve System?

• A) The significant outflow of gold during the Civil War
• B) The collapse of the Second National Bank of the United States
• C) The banking panic and cash shortage of 1907
• D) The Great Depression

---

Definitions:

BPR

Business Process Reengineering, which is the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.

Effectiveness

The degree to which something is successful in producing a desired result or outcome.

NBA

National Basketball Association, a professional basketball league in North America composed of 30 teams.

Social Media

Platforms and websites that enable users to create and share content or to participate in social networking.