Where do the FDIC's funds come from?
A) Congress appropriates money for the FDIC, just as it does for other federal agencies.
B) The FDIC earns income through the insurance premiums paid by insured banks and from investment earnings.
C) The FDIC sells bonds in the financial markets.
D) The FDIC relies on voluntary contributions from the banking community.
B
Economics
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Suppose the price of a product is $4 and the nominal wage that the firm must pay is $20. Then the firm's real wage is
A) $5. B) $0.20. C) $4. D) $20. E) $80.
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For a firm, we define the short run as a period of time during which
A) at least one input cannot be changed. B) all inputs can be changed. C) only the plant size can be changed. D) all inputs cannot be changed.
Economics