Seasonal Credit Provided by the Fed Is Not as Common

question 50

Multiple Choice

Seasonal credit provided by the Fed is not as common as it used to be because:

• A)There are fewer banks in seasonal areas
• B)Other sources for long-term loans have developed for banks in seasonal areas
• C)Seasonal credit has been replaced by secondary credit
• D)Seasonal credit is being replaced by primary credit

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Definitions:

Occupational Segregation

The distribution of people across and within occupations and jobs, influenced by factors like gender, race, and education, often leading to inequality.

Efficient Allocation

The optimal distribution of resources in an economy, ensuring that these resources are used in a way that maximizes the net benefit to society.

Ethnic Groups

Communities of people who share common cultural characteristics, ancestral ties, and social experiences.

Government Programs

Initiatives or plans undertaken by a government to address social, economic, or environmental issues, which may involve legislation, services, or funding.