Bank Runs

question 6

Multiple Choice

Bank runs

• A)were eliminated by the CDIC.
• B)are a problem only in the Diamond-Dybvig model, not in any real economy.
• C)were a persistent problem in Canada during the Great Depression.
• D)were never a problem in Canada.
• E)were never a problem in the United States.

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Definitions:

Reparations Payments

Financial compensation given to individuals or communities as amends for injustices or wrongs done to them.

German Reparations

Compensation payments made by Germany primarily to the Allies, as required by the Treaty of Versailles after World War I.

Fourteen Points

A statement of principles for peace that was to be used for peace negotiations in order to end World War I, proposed by U.S. President Woodrow Wilson in 1918.

General Strike

A general strike is a widespread cessation of work by workers in multiple industries and sectors, typically orchestrated by labor unions or worker collectives, aimed at achieving specific economic or political objectives.