correct Question 1 0 / 5 pts Which of the following statements regarding bank runs is correct? Bank runs are due to the fact that banks' assets are more liquid than their liabilities. Please refer to the notes on the liquidity of a bank's assets and liabilities. Bank runs cause inflation because the money moves so fast. O Bank runs would always require a government bailout. For example, the panic of 1907 was not stopped until the government of New York City intervened. O Bank runs might spread to other bankshind cause even financially healthy banks to go under.Incorrect Question 2 0 / 5 pts The Glass-Steagall Act of 1933 created the Federal Reserve System as the central bank of the U.S. O created federal deposit insurance as an important measure for the prevention of bank runs. O limited interest rates that banks could charge on mortgages. O separated banks to two categories, savings and trusts. Please refer to The Evolution of the American Banking System section in Chapter 14 of the textbook for details regarding The Glass- Steagall Act of 1933