According to Ben Bernanke,bank Failures During the Onset of the Great

question 99

Multiple Choice

According to Ben Bernanke,bank failures during the onset of the Great Depression:

• A) are urban legends.
• B) made it harder for households,farmers,and small firms to get credit,worsening the recession.
• C) increased the rate of investment,which ultimately got the United States out of depression.
• D) were not as harmful as the stock market crash.

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Definitions:

Right

A moral or legal entitlement to have or do something; often considered fundamental and inherent.

Accident

A logical fallacy that occurs when an argument mistakenly applies a general rule to a specific case to which the rule does not appropriately apply.

Fallacy

A logical error or misleading argument often used in reasoning or debate.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms.