Author Question: The Safety Fund System a. operated similarly to the modern Federal Deposit Insurance Corporation. ... (Read 47 times)

Deast7027 · **on:** Jun 30, 2018

The Safety Fund System
a. operated similarly to the modern Federal Deposit Insurance Corporation.
b. was a clearinghouse for banks.
c. was established by Nicholas Biddle.
d. was used primarily prior to 1863 in Louisiana.
e. All of the above.

Question 2

The decline in the US manufacturing sector was the result of:
a. increasing productivity in the manufacturing sector.
b. the increasing ability of consumers to purchase foreign manufactured goods more cheaply.
c. faster growth of the service sector.
d. All of the above are correct.
e. Only b and c are correct.

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

Answer to Question 1

a. operated similarly to the modern Federal Deposit Insurance Corporation.

Answer to Question 2

d. All of the above are correct.