In 1933, the ________ Was Set Up to ________

question 72

Multiple Choice

In 1933, the ________ was set up to ________.

• A) Troubled Asset Relief Fund; shore up insolvent commercial banks
• B) Federal Reserve System; centralize monetary policy
• C) Federal Deposit Insurance Corporation; help prevent bank runs
• D) Depository Institutions Deregulation and Monetary Control Act; repeal the Glass-Steagall Act
• E) U.S. Department of Treasury; monitor investment bank activity

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Definitions:

Asset Turnover

A ratio that calculates how effectively a company utilizes its assets to produce sales income.

Sales Revenue

The total amount of money generated from sales of goods or services before any costs or expenses are subtracted.

Invested Capital

The total amount of money invested into a company by shareholders and debtors, used to fund the company's operations and growth.

Residual Income

Income that remains after all costs and expenses, including a charge for capital, have been deducted.