The FDIC Was Created Because

question 8

Multiple Choice

The FDIC was created because

• A) banks failed to create money the way the Fed wanted them to.
• B) people worried about bank failures after World War I, even though very few banks actually failed.
• C) there were so many bank failures in the 1930s.
• D) the Fed kept the required reserve ratio too low.

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Credible

Deserving or capable of being believed; possessing reliability or trustworthiness.

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Possessing the necessary ability, knowledge, or skill to perform a specific task or job effectively and efficiently.

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A position that garners substantial prestige, respect, and esteem within a societal or organizational hierarchy.

Social Cognitive Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others, in addition to the influence of beliefs, expectations, and intentions.