Which One of the Following Statements Is True

question 142

Multiple Choice

Which one of the following statements is true?

• A) The savings and loan crisis of the 1990s was due to the big U.S. budget deficit.
• B) Deposit insurance guarantees savings up to $1,000,000.
• C) Savings and loan institutions were very profitable during the 1970s when there was high inflation.
• D) Deposit insurance was created to prevent bank runs from occurring.

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Definitions:

Marine Organisms

Living creatures that inhabit the ocean, ranging from microscopic phytoplankton to large whales, adapted to the marine environment.

Organic Material

Matter derived from living organisms, including plants, animals, and their byproducts, which can decompose into soil.

Calcite

A carbonate mineral and the most stable polymorph of calcium carbonate (CaCO3), commonly found in sedimentary rocks.

Arabian Peninsula

A large, relatively arid peninsula in Western Asia, bordered by the Red Sea, Arabian Sea, and Persian Gulf, consisting of several countries including Saudi Arabia.