Multiple Choice
Which of the following is a reason that has made IRA and Keogh accounts more attractive to depositors recently?
A) Most of these accounts carry floating interest rates
B) These accounts now represent more than half of total deposits of FDIC insured banks
C) Individuals can deposit unlimited amounts in these accounts
D) Banks need to pay at least 6% on these accounts to depositors
E) Increase in FDIC insurance coverage to $250,000 on these accounts
Correct Answer:

Verified
Correct Answer:
Verified
Q27: A stable and predictable base of deposited
Q28: A customer makes a savings deposit for
Q29: Gradual phase-out of legal interest-rate ceilings on
Q30: _ CDs allow the depositor to withdraw
Q31: Some people feel that everyone is entitled
Q33: A bank expects to raise $20 million
Q34: When a customer is charged based on
Q35: A bank expects to raise $20 million
Q36: Depository institutions selling deposits to the public
Q37: A savings account evidenced only by a