According to the Text, Everyone Agrees That in the United

question 123

Multiple Choice

According to the text, everyone agrees that in the United States in the first two decades following World War II:

• A)income distribution in the United States became less equal.
• B)income equality measures stayed the same.
• C)income distribution became more equal.
• D)there was no way to determine income distribution.

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Definitions:

Depository Institutions Deregulation

The process of removing government restrictions on banks and other financial institutions, aimed at increasing competition and efficiency in the financial sector.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves a bank must hold against deposits.

Checkable Deposits

Bank account balances that can be easily withdrawn or used for payments without restrictions.

Credit Unions

Financial institution cooperatives made up of depositors with a common affiliation.