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    Understanding Business
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    Exam 20: Money, Financial Institutions, and the Federal Reserve
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    Rico Need Not Worry That His $8,347 in a Checking
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Rico Need Not Worry That His $8,347 in a Checking

Question 208

Question 208

True/False

Rico need not worry that his $8,347 in a checking account at Bigbux Bank could be lost if the bank fails, because Bigbux is a Federal Deposit Insurance Corporation (FDIC) member bank.

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