The FDIC handles most bank failures by the purchase and assumption method because
A) the existence of uninsured deposits (over $100,000 ) makes runs and panics possible.
B) it allows the FDIC to avoid paying off large deposits when a bank fails.
C) most banks have become too big for the FDIC to allow them to fail.
D) it allows the FDIC to write checks legally to pay all deposits, even those over $100,000.
A
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Suppose James and Katherine are successful in establishing a profitable market for their "ghost restaurants" in what is a monopolistically competitive industry. In the long run, James and Katherine will most likely find it ________ to remain profitable
as they face ________ competition in the "ghost restaurant" market. A) harder; more B) harder; less C) easier; more D) easier; less
It has been said that “economics is the science of common sense.” Is economics synonymous with common sense?
What will be an ideal response?