If There Are Major Failures of Several Large Banks or Many

question 63

Multiple Choice

If there are major failures of several large banks or many small banks, and the FDIC insurance fund is insufficient to cover all of the depositors' losses, which of the following bodies is responsible for paying the depositors money owed by the FDIC?

• A)the Federal Reserve System
• B)the boards of the failed banks
• C)the National Credit Union Administration
• D)the U.S.government

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