HomeworkLib
Question

The i s an independent agency of the U.S. government that insures bank deposits up to $250,000. A. World Bank B. IMF C: FDIC
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

The Correct Answer is C. FDIC

FDIC stands for Federal Deposit Insurance Corporation which is an independent agency of the US Government that insures bank deposits up to $250,000. It safeguards the funds of the depositors in case their banks encounters difficulties in returning their money. What FDIC does is that it insures the money of the depositors from uncertainties faced by banks. So if a bank faces difficulties and it has to close down then FDIC will ensure that depositors get their money.

0 0
Add a comment
Know the answer?
Add Answer to:
The i s an independent agency of the U.S. government that insures bank deposits up to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The FDIC a. insures most bank deposits for up to $250,000. b. eliminates the need for...

    The FDIC a. insures most bank deposits for up to $250,000. b. eliminates the need for bank depositors to run to their bank when they hear bad news about the bank. c. has been credited with reducing the number of bank failures since 1933. d. All of the above are correct.

  • What does the FDIC do? It insures bank deposits up to a specified level. Selected It...

    What does the FDIC do? It insures bank deposits up to a specified level. Selected It insures bond holding up to a specified level. It invests in bonds up to a specified level. It insures bank loans up to a specified level.

  • 1.The Fed purchases $100,000 of U.S. government securities from One Bank. Assuming the desired reserve ratio...

    1.The Fed purchases $100,000 of U.S. government securities from One Bank. Assuming the desired reserve ratio is 10 percent, banks loan all excess reserves, and the currency drain is 20 percent, how much does the quantity of money increase? A. ​$1,000,000 B. ​$10,000,000 C. ​$1,100,000 D. ​$900,000 E. ​$100,000 2.A bank maximizes its​ stockholders' wealth by​ ______. A. colluding with other banks to keep interest rates high colluding with other banks to keep interest rates high B. lending for long...

  • American banks are loading up on the U.S. government debt, as sign they remain cautious on...

    American banks are loading up on the U.S. government debt, as sign they remain cautious on the economy even with the jobless rate at a six-year low and corporations at their healthiest in a generation. Commercial lenders increased their holdings of Treasuries and debt from federal agencies in September by $54 billion … data from the Federal Reserve show…. Bank of America Corp. and Citigroup are among the lenders adding government bonds this year as loan growth fails to keep...

  • Today, bank runs are not a major problem for the U.S. banking system because a bank...

    Today, bank runs are not a major problem for the U.S. banking system because a bank runs are now illegal b. banks now hold 100 percent of their deposits in reserve. c. banks are now all government-operated d. the federal government now guarantees the safety of deposits at most banks. 

  • If Government of Canada deposits at a chartered bank (such as Scotia Bank) are transferred to...

    If Government of Canada deposits at a chartered bank (such as Scotia Bank) are transferred to a Government of Canada account at the Bank of Canada, the transfer will a) enable chartered banks to create new money b) cause banks to decrease the quantity of money c) cause no change in the quantity of money. 29. Assume that Charisma is a closed economy with a marginal propensity to consume (MPC) of 0.8. If government expenditures increase by $100 billion, Charisma’s...

  • The Federal Deposit Insurance Corporation insures A. the federal funds market. B. the deposits held in...

    The Federal Deposit Insurance Corporation insures A. the federal funds market. B. the deposits held in the Fed. C. banks against lawsuits. D. the deposits held in member banks. 2) In a barter​ system, there are A. financial institutions to facilitate all exchanges. B. money and goods exchanged for each other. C. goods traded directly for other goods and services. D. many different units of money. 3) The price of bonds and the interest rate are A. ​related, but we...

  • QUESTION 4 Table 14.3 LEFTBANK Assets Liabilities and Net Worth Deposits with the Fed -$10,000 U.S. Government Secu...

    QUESTION 4 Table 14.3 LEFTBANK Assets Liabilities and Net Worth Deposits with the Fed -$10,000 U.S. Government Securities $10,000 Refer to Table 14.3 for the balance sheet of Leftbank. Which of the following transactions has just taken place at Leftbank? a. The bank sold a security to the Fed. b. The bank borrowed $10,000 from the Fed. OC. A customer deposited $10,000 cash in his account. d. The Fed sold a security to the bank. e. The bank received a...

  • How would each of the following transactions show up on the U.S. balance-of-payments accounts? a. Payment...

    How would each of the following transactions show up on the U.S. balance-of-payments accounts? a. Payment of $50 million in Social Security to U.S. citizens living in Costa Rica. b. Sale overseas of 125,000 Elvis Presley CDs. c. Tuition receipts of $3 billion received by American universities from foreign students d. Payment of $1 million to U.S. consultants A.D. Little by a Mexican company e. Sale of a $100 million Eurobond issue in London by IBM f. Investment of $25...

  • A commercial bank's reserves are.... A. bonds issued by the U.S. government that are very safe....

    A commercial bank's reserves are.... A. bonds issued by the U.S. government that are very safe. B. the provision of funds to businesses and individuals. C. savings and time deposits. D. currency in its vault plus the balance on its reserve account at a Federal Reserve Bank. E. its loans.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT