What Do Fisk, Hampton, Tougaloo, and Avery Colleges Have in Common

question 18

Multiple Choice

What do Fisk, Hampton, Tougaloo, and Avery Colleges have in common?

• A) They all began as all-white colleges, and changed to black institutions after the war.
• B) They had nothing in common. Each was founded at different times, by different people, for different reasons.
• C) They only taught literature and writing to blacks.
• D) They were black schools established by religious organizations, along with the Freedmen's Bureau, after the Civil War.

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Margin Requirements

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Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services.

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A leading global financial exchange where stocks and other securities are bought and sold, located in New York City.

Excess Reserves

The reserves that banks hold over and above the regulatory requirements set by the central bank, often seen as a liquidity buffer.