To Address the Decreasing Balance of the FDIC Deposit Insurance

question 68

Multiple Choice

To address the decreasing balance of the FDIC deposit insurance fund during the financial crisis of 2007-2008

• A)deposit insurance programs were suspended for a period of three months.
• B)the FDIC increased individual depositor insurance coverage from $100,000 to $250,000.
• C)the FDIC announced that it would no longer honor deposit insurance coverage of some failing DIs.
• D)two special assessments were levied on institutions participating in the FDIC insurance programs.

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Definitions:

Willingness

The quality or state of being prepared to do something; readiness.

Ethical Mind

The ability to recognize and act upon the ethical dimensions of decisions, considering the broader impact on society and individuals.

Social Responsibility

Refers to the ethical obligation of individuals and organizations to act for the benefit of society at large.

Gardner

Howard Gardner is a psychologist known for his theory of multiple intelligences, which suggests that intelligence is multifaceted, with different types of intelligence being important.