One Purpose of Interest-Rate Ceilings Was To

question 110

Multiple Choice

One purpose of interest-rate ceilings was to:

• A)establish a ceiling on bank profits.
• B)establish a floor on bank profits.
• C)encourage competition in other areas.
• D)eliminate the need for the FDIC.
• E)reduce the chance of bank failures.

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Definitions:

Misinformation Effect

The misinformation effect happens when a person's recall of episodic memories becomes less accurate because of post-event information.

Hypnotically Refreshed

The process of enhancing memory recall through hypnosis, though its reliability is controversial.

Repression

A defense mechanism in psychoanalytic theory where unpleasant thoughts, memories, or feelings are unconsciously pushed out of conscious awareness.

Repressed Memories

Unconsciously buried memories of traumatic events that can affect behavior and mental health.