Multiple Choice
You hold an FDIC insured savings account at your neighborhood bank. Your current balance is $275,000. If the bank fails you will receive:
A) $275,000.
B) $250,000.
C) $100,000.
D) $125,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q91: The best way for a government to
Q92: The government provides deposit insurance; this insurance
Q93: If the lender of last resort function
Q94: Savings banks and savings and loans are
Q95: The fact that banks can be either
Q97: Bank mergers require government approval because banking
Q98: Regulators and supervisors of banks are challenged
Q99: Since the 1920's, the ratio of assets
Q100: A bank supervisor examines the bank's portfolio
Q101: What is the link between the safety