AP Success - AP US History: Banking Crisis in the Great Depression
Question 1
Banks immediately liquidated their assets to provide cash.
Banks turned to their correspondent banks for reserves.
Banks closed indefinitely to prevent further withdrawals.
Banks requested government bailouts to cover the withdrawals.
Question 2
The supply of money in circulation was reduced.
The stock market experienced a rapid recovery.
Consumer confidence in the banking system improved.
The Federal Reserve increased the money supply.
Question 3
An increase in the value of the stock market.
A decrease in the overall level of economic activity.
A decrease in the general price level of goods and services.
An increase in the general price level of goods and services.
Question 4
It resulted in a surplus of goods and services.
It led to increased bankruptcy and unemployment.
It caused a significant increase in international trade.
It led to a rapid expansion of credit and lending.
Question 5
Businesses increased their production to meet rising demand.
Banks expanded their lending to stimulate economic growth.
Economic actors were more likely to delay purchases and investments.
Consumers engaged in speculative investments to take advantage of low prices.
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