The Aspect of the Second Banking Crisis of the 1930s

question 13

Multiple Choice

The aspect of the Second Banking Crisis of the 1930s that distinguished it from the First Banking Crisis was that during the second crisis ___.

• A) the Federal Reserve finally decided to act as lender of last resort.
• B) the stock market boom finally came to an end with the crash.
• C) banks in all regions of the country failed.
• D) President Roosevelt asked Congress to establish Federal deposit insurance.

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Definitions:

Total Purchase Costs

refers to the aggregate cost of buying an item or service, including the purchase price, taxes, shipping, and any additional fees.

Net Change Column

This refers to a column in financial reporting that shows the difference in a particular financial metric's value from one period to the next.

Daily Stock Report

A summary of the performance of stocks and financial markets, usually provided on a daily basis.

Commission Charges

Fees paid to brokers or agents for their service in facilitating transactions, such as buying or selling securities.