The Economic Recovery Act of 2008 Included a Temporary Increase

question 55

Multiple Choice

The Economic Recovery Act of 2008 included a temporary increase in the federal deposit insurance ceiling from $100,000 to $250,000.The likely objective was to ________.

• A)boost bank profitability
• B)increase the money supply
• C)discourage withdrawals from banks
• D)bail out the Federal Deposit Insurance Corporation (FDIC)

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Definitions:

Only Child

Refers to a person who has no siblings, either biological or adopted, and is raised in a family environment without sibling interaction.

Not Learned

Referring to behaviors, traits, or reactions that are innate rather than acquired or taught.

Share

An individual portion or percentage of ownership in a company or a financial asset, typically traded on a stock exchange.

Second-borns

Individuals born as the second child in their family, potentially influencing their personality and behavior due to birth order dynamics.