Deposit insurance guarantees that:

A. depositors will get their deposits back, unless the bank's assets are illiquid.
B. depositors will not get their deposits back, unless the bank is solvent and liquid.
C. depositors will get their deposits back, unless the bank becomes insolvent.
D. depositors will get their deposits back, even if the bank is insolvent.

Ans: D. depositors will get their deposits back, even if the bank is insolvent.

Economics

You might also like to view...

A change in ________ creates a movement along the aggregate demand curve, while a change in ________ shifts the aggregate demand curve

A) expected profits; tax rates B) the price level; government expenditures C) foreign income; the foreign exchange rate D) real wealth; human capital

Economics

The only disease-specific group eligible for Medicare are those suffering from AIDS

a. end-stage renal disease. b. advanced coronary artery disease. c. metastasized cancer. d. diabetes

Economics