Which of the Following Statements Is Incorrect Regarding Developments in the French

question 105

Multiple Choice

Which of the following statements is incorrect regarding developments in the French Revolution prior to September 1792?

• A) The fall of the Bastille weakened the government.
• B) The National Assembly created a basic declaration of liberties and a new constitution to establish a limited monarchy.
• C) Louis XVI destroyed his public standing by attempting to flee.
• D) Warfare broke out between France and Austria.
• E) Louis XVI was an enthusiastic supporter of the revolutionary events.

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Definitions:

Federal Reserve

The central bank of the United States, responsible for setting monetary policy, supervising and regulating banks, and ensuring the stability of the financial system.

Required Reserve Ratio

The fraction of deposits that a bank is required to hold in reserve and not lend out, as mandated by a central banking authority.

Excess Reserves

The reserves that banks hold in excess of the required minimum, often held in the central bank, which can lend them out to generate interest.

New Loans

Any sums of borrowed money that have recently been provided by a lender to a borrower.