The main reason there haven't been any serious bank panics in the United States since the Great Depression is A. The federal government regulation provided by the National Banking System B. The effectiveness of the Federal Reserve System as a lender of the last resort. C. The confidence inspired by the federal deposit insurance system. D. The limits on bank branching imposed by the McFadden Act.
The main reason there haven't been any serious bank panics in the United States since the Great Depression is A. The federal government regulation provided by the National Banking System B. The effectiveness of the Federal Reserve System as a lender of the last resort. C. The confidence inspired by the federal deposit insurance system. D. The limits on bank branching imposed by the McFadden Act.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 31P: Humongous Bank is the only bank in the economy. The people in this economy have 20 million in money,...
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The main reason there haven't been any serious bank panics in the United States since the Great Depression is
A. The federal government regulation provided by the National Banking System
B. The effectiveness of the Federal Reserve System as a lender of the last resort.
C. The confidence inspired by the federal deposit insurance system.
D. The limits on bank branching imposed by the McFadden Act.
2. Evidence from U.S economic history seems to suggest that
A. bank panics help cause economic recessions.
B. economic recessions help cause bank panics.
C. most bank panics are caused by rumors rather than by real economic disturbances.
D. both a and c are correct.
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