Probably the Most Significant Factor Explaining the Drastic Drop in the Number

question 35

Multiple Choice

Probably the most significant factor explaining the drastic drop in the number of bank failures since the Great Depression has been

• A)the creation of the FDIC.
• B)rapid economic growth since 1941.
• C)the employment of new procedures by the Federal Reserve.
• D)better bank management.

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Definitions:

Quantities

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Jurisdiction

The legal authority granted to a court or legal body to administer justice within a certain geographic area or over certain types of legal cases.

Security Interest

A legal claim or lien on property, either personal or real, granted to a creditor to secure payment of a debt or performance of some other obligation.

Security Instrument

A legal document that secures the payment of a debt or performance of an obligation by granting an interest in a piece of property.