Which One of the Following Is Presently a Major Deterrent

question 98

Multiple Choice

Which one of the following is presently a major deterrent to bank panics in the United States?

• A) the legal reserve requirement
• B) the fractional reserve system
• C) the gold standard
• D) deposit insurance

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Definitions:

Fixed Manufacturing Overhead

Costs in manufacturing that do not change with the level of production output, such as rent, salaries of permanent staff, and depreciation of factory equipment.

Job-Order Costing System

A costing system that assigns costs to specific production jobs, useful for customized orders.

Predetermined Overhead Rate

is a rate used to allocate manufacturing overhead to products, calculated before the accounting period based on estimated costs.

Manufacturing Departments

Units within a manufacturing organization, each specializing in a different stage or aspect of the production process.