When a Bank Fails, the Government Protects Customers by

question 20

Multiple Choice

When a bank fails, the government protects customers by

• A)transferring customer deposits into another bank.
• B)having the FDIC take over the bank.
• C)stacking government employees on the bank's board of directors.
• D)taking the bank's profits and giving them to depositors.
• E)closing the bank and opening a shopping mall in that location.

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Definitions:

Assassinated

The act of deliberately killing someone, especially a public figure, usually for political or ideological reasons.

Vietnam War

A prolonged conflict from the 1950s to the 1970s between communist forces in North Vietnam and the government of South Vietnam, heavily involving the United States and other allies.

Students for a Democratic Society

An activist student organization in the United States, prominent in the 1960s for its role in the civil rights, anti-Vietnam War, and student rights movements.