One Purpose of Interest-Rate Ceilings Was To

question 110

Multiple Choice

One purpose of interest-rate ceilings was to:

• A)establish a ceiling on bank profits.
• B)establish a floor on bank profits.
• C)encourage competition in other areas.
• D)eliminate the need for the FDIC.
• E)reduce the chance of bank failures.

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Definitions:

Reasonable Doubt

The standard of proof required in criminal trials, meaning that if any reasonable doubt exists regarding the defendant's guilt, they cannot be convicted.

Substantially Certain

A legal standard indicating that an outcome or event was practically assured under certain conditions or actions.

Reasonable Person

A legal standard used to determine whether an individual's behavior in a particular situation is appropriate, by comparing it to how a hypothetical reasonable person would act under similar circumstances.

Antiassignment Clause

a contractual provision that prohibits the transfer of rights or delegation of duties under the contract to another party, without the original party's consent.