A Financial Panic Was Averted in October 1987 Following "Black

question 95

Multiple Choice

A financial panic was averted in October 1987 following "Black Monday" when the Fed announced that

• A)it was lowering the discount rate.
• B)it would provide discount loans to any bank that would make loans to the security industry.
• C)it stood ready to purchase common stocks to prevent a further slide in stock prices.
• D)it was raising the discount rate.

---

Definitions:

Septate Hyphae

Hyphae with cross-walls or septa that divide the filamentous structures into separate cell-like compartments, common in many fungi.

Mycelium

Tangled mass of hyphal filaments composing the vegetative body of a fungus.

Chitin

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, and is a primary component of cell walls in fungi and the exoskeletons of arthropods.

Zygosporangium

A structure formed during the sexual reproduction of some fungi, where meiosis and genetic recombination occur.