In the Ten Years After the FDIC Limit Was Increased

question 3

Multiple Choice

In the ten years after the FDIC limit was increased to $100,000:

• A) more than four times the number of banks and savings and loans failed than did during the first 46 years of FDIC's existence.
• B) less than one-fourth the number of banks and savings and loans failed than during the first 46 years of FDIC's existence.
• C) the cost to taxpayers of failed institutions in that period was negligible because FDIC was in place.
• D) increasing the deposit insurance limit to $250,000 provided complete coverage for all deposits except those of large corporations.

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