In Response to the Destructive Bank Panics of the Great

question 111

Multiple Choice

In response to the destructive bank panics of the Great Depression,future bank panics are designed to be prevented by

• A)the Federal Reserve System acting as a lender of last resort.
• B)the Federal Reserve System conducting open market operations.
• C)the establishment of the Federal Deposit Insurance Corporation.
• D)establishing a fractional reserve system of banking.
• E)increasing the required reserve ratio to 100%.

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Definitions:

Assignment

The process of setting a value to a variable or entity in programming, using the assignment operator.

#define

A preprocessor directive in C and C++ used to create macro definitions or to declare symbolic constants.

Statement

An instruction that a programming language interpreter can execute.

C

A general-purpose, procedural computer programming language supporting structured programming, lexical variable scope, and recursion.