Multiple Choice
The Economic Recovery Act of 2008 included a temporary increase in the federal deposit insurance ceiling from $100,000 to $250,000.The likely objective was to ________.
A) boost bank profitability
B) increase the money supply
C) discourage withdrawals from banks
D) bail out the Federal Deposit Insurance Corporation (FDIC)
Correct Answer:
Verified
Correct Answer:
Verified
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