The Founding of the U

question 21

Multiple Choice

The founding of the U.S. FDIC was primarily in response to

• A) serious inflation after the Civil War.
• B) the bank panic of 1907.
• C) the Great Depression.
• D) the Volker recession in 1981-1982.

---

Definitions:

Professional Advice

Guidance or recommendations on specific matters, given by someone who is an expert in a particular field.

Financial Situation

An individual's or organization's condition regarding their monetary assets, liabilities, income, and expenses, which can influence their ability to secure loans, make investments, or manage daily operations.

Budget

A financial plan for a defined period, often a year, that allocates future personal income towards expenses, savings, and debt repayment.

Academic Advisor

A staff member at an educational institution who helps students plan their academic careers by offering advice on courses, programs, and other educational matters.