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Sublight2097 Sublight2097
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8 years ago
Financial panics characterized by depositor "runs" and consequent bank failures have not occurred in the United States since the 1930s primarily because
A) commercial banks now hold larger reserves.
B) the Federal Deposit Insurance Corporation has reduced the fears of depositors.
C) we have abandoned the gold standard.
D) we have had no major recessions since the 1930s.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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8 years ago
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Sublight2097 Author
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8 years ago
Seriously, you've been tremendously helpful! Thank you.
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3 years ago
thanks
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3 years ago
thanks
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