Realizing the Need for Banks to Obtain Liquidity During Periods

question 7

Multiple Choice

Realizing the need for banks to obtain liquidity during periods of economic stress, the federal government wanted to establish a banking system that would have an entity that banks could borrow from. The U.S. Congress accomplished this with the passage of the ________.

• A) National Bank Act in 1863
• B) Office of the Comptroller of the Currency Act
• C) Federal Reserve Act of 1913
• D) Financial Institutions Reform, Recovery, and Enforcement Act of 1989

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Definitions:

Healthy Eating

Consuming a variety of foods that give you the nutrients you need to maintain your health, feel good, and have energy.

Fatigued

The state of feeling extremely tired, weak, or exhausted, physically or mentally, often as a result of exertion, stress, or lack of sleep.

Acceptance Phase

The stage in the process of grief or adjustment where an individual acknowledges reality and learns to live with it.

Febrile

Relating to or characterized by fever.