June 2008 global regents dbq essay

A bank failure is the closing of a bank by a federal or state banking regulatory agency . The FDIC is named as Receiver for a bank's assets when its capital levels are too low, or it cannot meet obligations the next day. [2] [3] After a bank's assets are placed into Receivership, the FDIC acts in two capacities—first, it pays insurance to the depositors, up to the deposit insurance limit, for assets not sold to another bank. Second, as the receiver of the failed bank, it assumes the task of selling and collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit. The FDIC insures up to $250,000 per depositor, per insured bank, as a result of the Emergency Economic Stabilization Act of 2008 , which raised the limit from $100,000. [4]

1. Base your answer to question 1 on the passage below and on your knowledge of social studies. … Europe’s waterways were also a blessing. Its rivers flowed gently into sheltered, navigable bays. The Rhine is a wide, slow-moving river that can be used as a highway for goods and people. The Mediterranean is calm, almost a lake, with many big ports. Compare this to Africa. Despite being the second-largest continent, Africa has the shortest coastline, much of which is too shallow to build major ports. Most of its big rivers—fastmoving, dramatic, vertiginous [dizzying]—are not navigable. Add to that the tropical heat and propensity [tendency] for disease and food spoilage, and you have a compelling geographic explanation for African underdevelopment— surely not the only factor, but a significant one.… — Fareed Zakaria, The Post-American World, W. W. Norton & Company, 2008 1 Which conclusion about the geography of these continents is best supported by this passage? (1) Europe and Africa have the same climate. (2) Europe and Africa have many deep major ports. (3) Waterways are a geographic blessing in both Europe and Africa. (4) River systems have helped development in Europe and hindered it in Africa.   1

June 2008 global regents dbq essay

june 2008 global regents dbq essay


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