The Federal Deposit Insurance Corporation (FDIC):
a. insures all demand deposit accounts up to $10 million in banks choosing FDIC protection.
b. was created as a government-owned corporation following the creation of the World Bank and the International Monetary Fund after World War II.
c. rarely evaluates bank performance to detect weaknesses in operation.
d. creates monetary policy in conjunction with the Federal Reserve Board.
e. was created to reduce the risk of banking by compensating depositors and keeping bank failures from spreading.
e
You might also like to view...
When the government increased spending during the 1930s in an attempt to create jobs and end the Great Depression, it provided an example of expansionary
(a) fiscal policy. (b) monetary policy. (c) regulatory policy. (d) welfare policy.
Which of the following is TRUE of the Federal Reserve System? I. It was established in the early 1980s. II. It serves as the central bank of the United States
A) I only B) II only C) Both I and II D) Neither I nor II
Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country
a. True b. False Indicate whether the statement is true or false
The Federal Reserve System is
a. controlled by the Department of the Treasury. b. the central bank for the United States. c. completely similar to the Bank of England. d. All of the above are correct.