The ________ is the federal agency responsible for protecting money in customer accounts and managing the transition of assets whenever a bank fails
A) Federal National Loan Corporation
B) Federal Deposit Insurance Corporation
C) Federal Home Loan Association
D) Federal Mortgage Corporation
E) Federal National Mortgage Association
Answer: B
Explanation: After thousands of banks failed in the United States during the Great Depression, the government established the Federal Deposit Insurance Corporation (FDIC). It is the federal agency responsible for protecting money in customer accounts and managing the transition of assets whenever a bank fails.
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A. Residential lease B. Lease of multi-family dwelling C. Condominium CC&Rs D. Commercial lease
The recordation of a warranty deed
A) gives actual notice of the grantee's rights B) gives constructive notice of an individual's interest C) prevents claims of parties in possession. D) provides defense against adverse possession.