To Put an End to the Vicious Cycle of Bank

question 98

Multiple Choice

To put an end to the vicious cycle of bank failures during the early 1930s:

• A)President Franklin Roosevelt declared a bank holiday, temporarily closing all banks.
• B)the Federal Reserve System was established.
• C)a system of shadow banks was developed to replace the troubled commercial banks.
• D)the government nationalized all commercial banks.

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Definitions:

Ethnocentrism

Ethnocentrism is the act of judging another culture solely by the values and standards of one's own culture, often leading to misunderstanding and biases.

Real Nature

The essential qualities or characteristics of something or someone, often considered inherent and authentic.

Bicultural Identity Integration

Refers to the extent to which individuals can merge their original cultural background with that of another culture, influencing their sense of identity and social adaptation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice against other groups.