Nationwide financial panics in 1873, 1884, 1893, and 1907 might have been avoided had
A) the First Bank of the United States served its intended role of lender of last resort.
B) the Second Bank of the United States not been abolished in 1836 by President Andrew Jackson.
C) the Second Bank of the United States served its intended role of lender of last resort.
D) the Federal Reserve served its intended role of lender of last resort.
B
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A) autocratic B) democratic C) analytic D) liaise faire E) cooperative
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(n) ________ is a reserve or rainy-day fund with money set aside to be used for unexpected expenses or when normal income has been disrupted
A) emergency fund B) umbrella fund C) resources fund D) risk fund
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