Which of the Following Is a Reason That Has Made

question 32

Multiple Choice

Which of the following is a reason that has made IRA and Keogh accounts more attractive to depositors recently?

• A)Most of these accounts carry floating interest rates
• B)These accounts now represent more than half of total deposits of FDIC insured banks
• C)Individuals can deposit unlimited amounts in these accounts
• D)Banks need to pay at least 6% on these accounts to depositors
• E)Increase in FDIC insurance coverage to $250,000 on these accounts

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Definitions:

Confederate Congress

The legislative body of the Confederate States of America during the American Civil War, responsible for creating and enforcing laws within the Confederacy.

Class Anger

Resentment or anger arising from perceived disparities and injustices between different social classes.

North Carolina Legislature

The legislative body of the state of North Carolina, consisting of two chambers: the Senate and the House of Representatives.

Wealthy Southerners

Individuals from the southern United States before the Civil War who had accumulated wealth, typically through agricultural plantations and the labor of enslaved people.