Author Question: Which statement best describes the relationship between steamboats, keelboats and flatboats on the ... (Read 59 times)

Cooldude101 · **on:** Jun 30, 2018

Which statement best describes the relationship between steamboats, keelboats and flatboats on the Mississippi River in the antebellum period?
a. Steamboats were substitutes for both keelboats and flatboats.
b. Steamboats were complements for both keelboats and flatboats.
c. Steamboats were substitutes for keelboats and complements for flatboats.
d. Steamboats were substitutes for flatboats and complements for keelboats.

Question 2

The failure of the Bank of the United States in December 1930 probably intensified the banking panic for each of the following reasons except that it proved that ___
a. the Fed might fail to act as a lender of last resort.
b. big banks could fail.
c. New York Banks could fail.
d. that Wall Street banks could fail.

Jadwiga9 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c. Steamboats were substitutes for keelboats and complements for flatboats.

Answer to Question 2

c. New York Banks could fail.