With the Creation of the Federal Deposit Insurance Corporation

question 15

Multiple Choice

With the creation of the Federal Deposit Insurance Corporation

• A)member banks of the Federal Reserve System were given the option to purchase FDIC insurance for their depositors,while non-member commercial banks were required to buy deposit insurance.
• B)member banks of the Federal Reserve System were required to purchase FDIC insurance for their depositors,while non-member commercial banks could choose to buy deposit insurance.
• C)both member and non-member banks of the Federal Reserve System were required to purchase FDIC insurance for their depositors.
• D)both member and non-member banks of the Federal Reserve System could choose,but were not required,to purchase FDIC insurance for their depositors.

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Definitions:

Explosive Eruptions

Volcanic eruptions characterized by the violent expulsion of gases, lava, and rock fragments from a volcano.

Nonexplosive Eruptions

Volcanic eruptions characterized by the effusive emission of lava flows with minimal airborne ash and fragmental material.

Single Volcano

A solitary mountain or hill typically characterized by a crater or vent through which lava, rock fragments, hot vapor, and gas are being or have been expelled.

Pyroclastic Flow

a fast-moving current of hot gas and volcanic matter (such as ash) that moves away from a volcano during an explosive eruption.