Before the Financial Crisis in 2008 Shadow Banks

question 22

Multiple Choice

Before the financial crisis in 2008 shadow banks:

• A)were outside of the lender-of-last-resort system.
• B)offered checkable deposits to their customers.
• C)were not allowed to operate across state lines.
• D)were required to hold more capital than depository banks.

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Definitions:

Staff Specialists

Employees with expert knowledge or skills in a specific field who provide advice and services to support the organization's objectives.

Internal Locus

The belief that one is in control of their life and outcomes, as opposed to external forces having that control.

Group Members

Individuals who are part of a collective or team, sharing a common purpose or goal.

External Locus

A belief system where individuals attribute their successes or failures to external factors or forces beyond their control.