Deposit insurance scheme and the bank failures.

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The federal deposit insurance corporation(FDIC) does which 3 things? a. Directly manges every bank in the unitwd states b. Performs tests on banks to see if they are prepared for emergencies c. Takes over failing banks and sells them to better managed banks d. uses tax payer money to help out struggling banks e. Insures deposits in every bank account up to $250,000

Answer 1

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Chapter 14.5, Problem 1YTE

To determine

Deposit insurance scheme and the bank failures.

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The federal deposit insurance corporation(FDIC) does which 3 things? a. Directly manges every bank in the unitwd states b. Performs tests on banks to see if they are prepared for emergencies c. Takes over failing banks and sells them to better managed banks d. uses tax payer money to help out struggling banks e. Insures deposits in every bank account up to $250,000

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