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The Passage of the Financial Reform Law of 2010 Changed

question 33

True/False

The passage of the Financial Reform Law of 2010 changed The Federal Deposit Insurance Corporation (FDIC)protection of bank deposit accounts from the previous $250,000 to $100,000 per account.This was seen as an attempt to instill market discipline on depositors.


Definitions:

HI

The chemical formula for hydrogen iodide, a diatomic molecule.

KOH

Potassium Hydroxide, a strong alkali used in various chemical processes and as a cleaning agent.

NaBr

Sodium bromide, a salt with various uses including in medicines, as a sedative, and in photographic processing.

React

To undergo a chemical change or transformation in response to another substance or condition.

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