Which of the Following Is False

question 100

Multiple Choice

Which of the following is false?

• A)Almost all banks have elected to purchase deposit insurance through the FDIC because they feel it is important to offer depositors the safety and peace of mind that deposit insurance engenders.
• B)A "run" on even a healthy, solvent bank can cause severe difficulties because the bank's asset portfolio may be illiquid with not enough cash or liquid assets on hand to pay off the many depositors making withdrawals.
• C)Deposit insurance was first made a "full faith and credit obligation" of the federal government in 1989. Prior to that year, the FDIC was on somewhat the same footing as private insurance companies in that the federal government was not required by law to pay off depositors if the FDIC ran out of funds in the face of widespread bank failures.
• D)Deposit insurance has always been a "full faith and credit obligation" of the federal government. That is why no depositor has lost any money in any account in a bank with FDIC insurance since the inception of the FDIC.

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Definitions:

Complementary Nucleotide

A nucleotide that pairs with another nucleotide in the DNA double helix or RNA molecule, following the base pairing rules (A-T or A-U, and G-C).

Oncogenes

Genes that have the potential to cause cancer by driving cell growth and division at an abnormal pace, often resulting from a mutation of normal genes called proto-oncogenes.

Carcinogens

Substances or exposures that can lead to cancer.

p53 Gene

A tumor suppressor gene that plays a crucial role in controlling cell division and apoptosis, often mutated in cancer cells.