Which of the Following Statements About the Federal Deposit Insurance

question 23

Multiple Choice

Which of the following statements about the Federal Deposit Insurance Corporation (FDIC) is true?

• A)All member banks in the Federal Reserve must be insured by the FDIC.
• B)Each bank insured by the FDIC pays a fixed percentage of the bank's domestic deposit as its premium.
• C)The FDIC reviews the financial records and management practices of banks it insures at least once a year.
• D)The ceiling on the size account insured by the FDIC is $250,000.
• E)All of the above statements about the FDIC are true.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.

Offering Price

The initial price at which a company's shares are made available to the public during an Initial Public Offering (IPO).

Par Value

Refers to the face value of a bond or the stated value of a stock, indicating the amount that will be paid out at maturity or represented in the corporation's documents.