The FDIC Was Created Because

question 8

Multiple Choice

The FDIC was created because

• A) banks failed to create money the way the Fed wanted them to.
• B) people worried about bank failures after World War I, even though very few banks actually failed.
• C) there were so many bank failures in the 1930s.
• D) the Fed kept the required reserve ratio too low.

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Definitions:

Real Estate

Assets that include land, the structures on that land, and its inherent natural resources.

Res Ipsa Loquitur

A legal doctrine stating that the mere occurrence of certain types of accidents implies negligence.

Brewery

A place where beer is commercially made.

Beer Barrel

A unit of measurement used for large volumes of beer, commonly equivalent to 31 US gallons in the United States.