When a bank fails, the government protects customers by
A. transferring customer deposits into another bank.
B. having the FDIC take over the bank.
C. stacking government employees on the bank's board of directors.
D. taking the bank's profits and giving them to depositors.
E. closing the bank and opening a shopping mall in that location.
Answer: B
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Which event led to the end of balanced budgets for a healthy economy, and the onset of deficit spending?
A. the Great Depression B. the Civil War C. World War I D. the War of 1812 E. the Mexican-American War
The Constitution stipulates that each House member must reside in the district he or she represents
Answer:
When Texas joined the Union as the 28th state, the U.S. Congress gave it the right to divide itself into as many as five separate states
Indicate whether the statement is true or false.
A colony governed by the king's representative with the advice of an elected assembly is a
A) monarchic democracy. B) represented colony. C) proprietary colony. D) royal colony. E) colonial council.