During the boom years of the 1920s,bank failures were quite
A) uncommon,averaging less than 30 per year.
B) uncommon,averaging less than 100 per year.
C) common,averaging about 600 per year.
D) common,averaging about 1,000 per year.
Correct Answer:
Verified
Q1: In May 1991,the FDIC announced that it
Q3: Moral hazard is an important concern of
Q4: The existence of deposit insurance can increase
Q5: Although the FDIC was created to prevent
Q6: Because of asymmetric information,the failure of one
Q7: Deposit insurance has not worked well in
Q8: Acquiring information on a bank's activities in
Q9: To prevent bank runs and the consequent
Q10: A system of deposit insurance
A)attracts risk-taking entrepreneurs
Q11: Depositors lack of information about the quality
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