To Prevent Bank Runs and the Consequent Bank Failures,the United

question 37

Multiple Choice

To prevent bank runs and the consequent bank failures,the United States established the ________ in 1934 to provide deposit insurance.

• A)FDIC
• B)SEC
• C)Federal Reserve
• D)ATM

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Definitions:

Age

The duration for which an individual or item has existed or been alive.

Laughter

A bodily reaction, often spontaneous, consisting of rhythmical, often audible contractions of the diaphragm and other parts of the respiratory system.

Sadness

A natural emotional response to experiences of loss, disappointment, or other upsetting circumstances.

Fear

An emotional response to perceived threats or danger, triggering physiological changes geared towards avoidance or defense.