In 2008, Several Banks Had A

question 44

Multiple Choice

In 2008, several banks had a:

• A) liquidity problem, but they were able to lend after a change in the reserve requirement.
• B) confidence problem, and they would not lend enough to keep from going bankrupt.
• C) solvency problem, and they eventually went bankrupt as a result.
• D) reserve problem, and they did not have enough funds on hand to keep from going bankrupt.

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Definitions:

Adults Employed

The portion of the adult population that is currently employed and working.

Adults Unemployed

Individuals who are of working age, not currently employed, and actively seeking employment but unable to find work.

Adults Not in the Labor Force

Individuals over the age of working who are neither employed nor actively seeking employment, excluding them from labor force statistics.

Bureau of Labor Statistics

The Bureau of Labor Statistics is a unit of the United States Department of Labor, responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes.