What Was the Inspiration for the Invention of the Intermittent

question 33

Multiple Choice

What was the inspiration for the invention of the intermittent windshield wiper?

• A)A Ford Galaxy
• B)A popped Champaign cork that resulted in Champaign in the eyes of Kearns, the inventor
• C)None of the above
• D)A group of engineers working together at Ford who created defective wipers that did not work regularly

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Definitions:

Charters

Legal documents that establish the existence of corporations or cities and define their rights and privileges.

Negative Excess Reserves

A situation where banks have less reserves than the required minimum, often indicating liquidity problems within the banking system.

Liquidity Trap

A condition where the effectiveness of monetary policy in spurring economic growth is diminished due to high rates of savings and low interest rates.

Reserve Requirement

Central bank regulations that set the minimum amount of reserves that must be held by a commercial bank, not to be loaned out or spent.