1. Base your answer on the transcript of FDR's March 12, 1933: Fireside Chat 1: On the Banking Crisis

https://millercenter.org/the-presidency/presidential-speeches/march-12-1933-fireside-chat-1-banking-crisis

President Roosevelt blames the banking crisis on the American public's impatience for financial recovery.

True/ False

2.Base your answer on the transcript of FDR's March 12, 1933: Fireside Chat 1: On the Banking Crisis

https://millercenter.org/the-presidency/presidential-speeches/march-12-1933-fireside-chat-1-banking-crisis

President Roosevelt announces that Federal Reserve Banks will lend money to banks against good assets. This is an example of central bank acting as a lender of last resort.

True/ False

3.Base your answer on the transcript of FDR's March 12, 1933: Fireside Chat 1: On the Banking Crisis

https://millercenter.org/the-presidency/presidential-speeches/march-12-1933-fireside-chat-1-banking-crisis

FDR attempts to stop the hoarding of money by appealing to the public's common interest and sense of community.

True/ False

4.Base your answer on the transcript of FDR's March 12, 1933: Fireside Chat 1: On the Banking Crisis

FDR explains that because American Banks only hold a fraction of deposits on reserve the panic by depositors who lost confidence in their banks' ability to redeem their accounts into currency or gold created runs on all banks; sound and unsound. There was no way for banks to sell assets on short notice at process sufficient to make depositors whole.

True/ False

5.Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC.

https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI

In the month of April 2020 management of Dime Community Bancshares modified between 14% and 15% of its total assets outstanding as of March 31st, 2020. Dime Community Bancshares is making "Paycheck Protection Program loans. These loans have a two-year term and have an interest rate of 1% per year. As of April 30th, Dime Community Bancshares closed or approved 1,856 PPP loans for a principal amount of $292.1 billion.

True/ False