One of the Most Serious Effects of a Banking Panic

question 252

Multiple Choice

One of the most serious effects of a banking panic is that

• A) banks will not earn as much profit
• B) banks will no longer be trusted by the public
• C) people will not place their excess money in banking accounts
• D) people may lose any accrued interest on their accounts
• E) large withdrawals of cash lead to a severe decrease in reserves and ultimately in the money supply

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Definitions:

HR

An abbreviation for Human Resources, referring to the department responsible for managing aspects of employment such as recruitment, training, and compliance.

Department Managers

Individuals responsible for overseeing the operations, personnel, and resources of a specific department within an organization to achieve its goals.

Wage Complaints

Grievances filed by employees or labor groups concerning unpaid wages, underpayment, or violations of minimum wage laws.

HR

Abbreviation for Human Resources, the department that manages employee-related processes including hiring, training, benefits, and workplace conflict resolution.