The Banking Panic of 1907 and the Resulting Cash Shortage

question 221

Multiple Choice

The banking panic of 1907 and the resulting cash shortage led to the formation of the

• A) Federal Reserve System.
• B) Comptroller of the Currency.
• C) gold standard for currency, and the establishment of a gold repository at Fort Knox.
• D) FDIC.

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Definitions:

Flagellated

Describes organisms or cells possessing one or more whip-like structures called flagella, used for movement.

Protista

A kingdom of diverse eukaryotic organisms, mostly unicellular, that are not animals, plants, or fungi, including algae, amoebas, and paramecia.

Eukaryotic Kingdoms

The classification categories in the biological taxonomy that comprise organisms with complex cells containing a nucleus, including plants, animals, fungi, and protists.

Unicellular

Consisting of a single cell, characteristic of organisms such as bacteria and many algae that perform all life processes within one cell.