Congress Introduced Deposit Insurance in Response to

question 12

Multiple Choice

Congress introduced deposit insurance in response to

• A)the savings-and-loan crisis of the 1980s.
• B)the banking crisis of the 1930s.
• C)the demise of the Second Bank of the United States in 1836.
• D)the demise of the First Bank of the United States in 1811.

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Definitions:

Amortized

The gradual reduction of a debt or the spreading of capital expenses over a period of time.

Research and Development Costs

Expenses associated with the research and development of a company's goods or services, aiming to improve and innovate.

Code Letter

A specific sequence of characters used for classification or identification purposes, often secret or abbreviated.