Bank Runs and the Accompanying Increase in the Money Multiplier

question 179

True/False

Bank runs and the accompanying increase in the money multiplier caused the U.S. money supply to rise by 28 percent from 1929 to 1933.

---

Definitions:

Increase Turnover

A strategy aimed at boosting the amount of business conducted, often referring to sales or revenue growth.

Family Friendly

Policies and practices in a workplace that support employees in balancing their work and family responsibilities.

Defined-benefit Program

A type of pension plan in which an employer promises a specified pension payment upon retirement, based on the employee's earnings history and tenure of service.

Tailoring Benefits Programs

Customizing employee benefits packages to meet the diverse needs of the workforce and enhance employee satisfaction and loyalty.