Answer: C. Bank failures inflict not only serious financial harm on individual depositors, but also harm the macroeconomic stability of the economy
Explanation: A bank fails when it can’t meet its financial obligations to creditors and depositors. This could occur because the bank in question has become insolvent, or because it no longer has enough liquid assets to fulfill its payment obligations. When a bank fails, it may try to borrow money from other solvent banks in order to pay its depositors. If the failing bank cannot pay its depositors, a bank panic might ensue in which depositors run on the bank in an attempt to get their money back. This can make the situation worse for the failing bank, by shrinking its liquid assets as depositors withdraw cash from the bank. Also, If banks are short of liquidity, they will be less willing to lend money to firms and consumers. As a result, the firm will reduce investment and employ fewer workers. If there is a significant fall in investment levels, then this will lead to lower economic growth and higher unemployment.
It was a major achievement because they started becoming a civilization and allowed communication to be used in a more developed way.
The statement "My expedition was the first to reach India" could be rewritten as, My expedition was successful at circumventing the globe. The rewritten statement is true because it states that the expedition was able to find its way around the globe but does not claim, as in the first statement, to be the first to do it, which is a lie.
Answer:
Robert Grosseteste, Good Luck
