Today,bank Runs Are Not a Major Problem for the U

question 10

Multiple Choice

Today,bank runs are not a major problem for the U.S.banking system because

• A)bank runs are now illegal.
• B)banks now hold 100 percent of their deposits in reserve.
• C)banks are now all government-operated.
• D)the federal government now guarantees the safety of deposits at most banks.

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Definitions:

Trade Libel

The publication of false statements about another’s product or business that causes economic loss, considered a form of defamation.

Trade Secret

Information, including formulas, practices, designs, instruments, or patterns, that is not generally known or readily ascertainable, and by which a business can obtain an economic advantage over competitors or customers.

Secret Formula

A proprietary method or recipe that is kept hidden to maintain competitive advantage or uniqueness.

Compilation of Information

The process of gathering and organizing data from various sources into a single document or database.