[Online Document Assignment:]
EIA Activity: It’s a Wonderful Banking System
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: In March 1933, Americans did not have access to banks or any banking services for an entire week.
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True or False: In 1933, Eugene Meyer was the head of the Federal Reserve Bank of New York.
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| B. |
True or False: New York bankers were not opposed to the statewide bank holiday in 1933.
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| B. |
True or False: Two immediate objectives in Franklin D. Roosevelt’s inaugural address on March 4, 1933, were more supervision of banks and getting Americans back to work.
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| B. |
True or False: Treasury officials had considered at one point issuing large amounts of government scrip to serve as an emergency substitute for cash.
| A. |
| B. |
Who do you currently bank with? Why?
How does your bank compare to other competitor banks? Discuss.
Would you ever consider banking with an institution that was not covered by the FDIC? Explain.
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