Last Month Some of Your Friends Were Injured in an Accident

question 55

Multiple Choice

Last month some of your friends were injured in an accident. Their total injuries were as follows: * Brenda $\quad \$ 85,000$
* Raquel $\$ 125,000$
* Louis $\quad \$ 40,000$ Coverage was 100/300/50. What was the total medical coverage in this accident?

• A) $40,000
• B) $85,000
• C) $125,000
• D) $225,000
• E) $250,000

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Definitions:

Great Depression

The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, deflation, and widespread poverty, affecting many countries around the world.

Lender of Last Resort

A role usually performed by a central bank, providing funds to financial institutions facing financial difficulty to prevent systemic collapse.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for overseeing American monetary policy and financial system regulation.

Bank Failures

Occurrences when a bank is unable to meet its obligations to depositors or creditors and ceases operations, often resulting in regulators seizing the institution.