The Financial Panic of 1907 Resulted in Such Widespread Bank

question 53

Multiple Choice

The financial panic of 1907 resulted in such widespread bank failures and substantial losses to depositors that the American public finally became convinced that

• A)the First Bank of the United States had failed to serve as a lender of last resort.
• B)the Second Bank of the United States had failed to serve as a lender of last resort.
• C)the Federal Reserve System had failed to serve as a lender of last resort.
• D)a central bank was needed to prevent future panics.

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Definitions:

Face-Ism

A bias in visual representation where there is a greater focus on the face in images of men than in images of women, implying different traits or importance attributed to genders.

Meanings

The significance, definition, or interpretation attributed to words, symbols, actions, or phenomena.

Implications

Implications refer to the possible effects, consequences, or outcomes that might result from a specific action, statement, or decision.

Stereotype Threat

The risk of confirming negative stereotypes about one's group, which can lead to decreased performance in affected individuals.