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.

---

Definitions:

Molluscs

A diverse group of invertebrate animals characterized by a soft body, many with a calcium carbonate shell, including snails, clams, and octopuses.

Hydraulic System

A technology in engineering that uses pressurized fluid to produce or transmit power.

Tube Feet

Small, flexible, hollow appendages used mostly for movement and feeding by echinoderms, such as sea stars and sea urchins.

Water Pressure

The force exerted by water on the surrounding environment, which increases with depth and is a critical factor in aquatic ecosystems and engineering.