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:

Consumer Price Index

An index measuring the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Base Year

A specific year against which economic or financial data is compared to measure economic performance over time.

Structural Unemployment

A type of unemployment resulting from a discrepancy between the skills available in the workforce and those required by employers.

Skills

The abilities and expertise acquired through training or experience that enable an individual to perform tasks effectively.