17-78 in a Crisis,which of the Following Are More Likely

question 27

Multiple Choice

17-78 In a crisis,which of the following are more likely to withdraw funds quickly from banks and thrifts?

• A)Correspondent banks.
• B)Small business corporations.
• C)Individual depositors.
• D)Mutual funds.
• E)Foreign depositors.

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Definitions:

Duress

Compulsion, force, or pressure to perform an act against one's will.

Wrongful Act

Any action that infringes on the rights of another or is illegal, leading to potential legal liability.

Tort

A wrongful act in a civil context that results in harm or loss for the affected individual, thereby establishing legal accountability for the one committing the act.

Arm's-Length Transaction

A deal made by parties freely and independently of each other, and without some special relationship, such as a familial tie, that might taint the transaction.