As a Result of the Financial Crisis, Checkable Deposits

question 29

Multiple Choice

As a result of the financial crisis, checkable deposits:

• A)became a smaller portion of overall liabilities
• B)experienced little change
• C)hit a new record high in terms of the percent of liabilities
• D)nearly doubled in terms of the percent of liabilities

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Definitions:

Economic Decline

A period characterized by reducing economic activity, falling GDP, and increasing unemployment.

Federal Government

The national government of a federal country, which holds the authority of governing the whole country, distinguishing it from the governments of the individual states or provinces.

19th Century

Refers to the period from January 1, 1801, to December 31, 1900, marking the nineteenth century in the Gregorian calendar.

American West

The American West refers to the region of the United States located west of the Mississippi River, characterized by its unique historical development, culture, and landscape.