Which of the Following Is Among the Possible Reasons That

question 1

Multiple Choice

Which of the following is among the possible reasons that the 2007-2009 financial crisis did not result in an economic depression?

• A)the declaration of a bank holiday by the nation's President
• B)international policy coordination
• C)strict reliance on conventional monetary policy
• D)government spending restraint

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Definitions:

Federal Government

The national government of a federal country, which holds the authority to govern shared matters while coexisting with the governments of the individual states.

Banking System

The network of institutions that facilitate the exchange of money between savers and borrowers, including personal and commercial banking services.

Trail Of Tears

Cherokees’ own term for their forced removal, 1838–1839, from the Southeast to Indian lands (later Oklahoma); of 15,000 forced to march, 4,000 died on the way.