Eileen Puts $10,000 in a Federally Insured Checking Account at the First

question 154

Multiple Choice

Eileen puts $10,000 in a federally insured checking account at the First National Bank.Norma borrows $10,000 from the First National Bank,flies to a South Pacific island,and is never heard from again.Which of the following is true?

• A)Eileen will lose her $10,000.
• B)Eileen will lose her $10,000 if she and Norma are related.
• C)Eileen will lose her $10,000 if the First National Bank makes all of its loans to people who run off to South Pacific islands.
• D)Eileen will not lose her $10,000 no matter what happens to the First National Bank.
• E)Eileen will not lose her $10,000 unless there is a run on the First National Bank.

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Monarchs of Spain

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Iberian Peninsula

A European peninsula located in the southwest corner of Europe, occupied by Spain and Portugal.

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A historical trading network across the Atlantic Ocean, primarily involving European countries and their American and African colonies, facilitating the exchange of goods, slaves, and resources from the 16th to the 19th centuries.