Which of the Following Did Not Contribute to the U

question 39

Multiple Choice

Which of the following did not contribute to the U.S. banking collapse of 1929-1933?

• A)​The Federal Reserve System and other government agencies did not act quickly or decisively enough.
• B)​Deposit insurance did not exist at that time.
• C)​The banking industry consisted of only a few very large banks.
• D)​The fact that the economy was in a continuous downward spiral during this period undermined depositors' confidence in the solvency of the banks.

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Definitions:

Discount Date

A specified date when a discount is applied to a payment, reducing the amount owed if payment is made by this date.

Freight

The transportation of goods by truck, train, ship, or aircraft, often involving large quantities of products over distances.

Cash Discount

A reduction in the price of goods or services offered by the seller to the buyer for immediate payment or payment within a specified time frame.

Partial Payment

A payment made that is less than the total amount due for a bill or debt.