Statement I: the Whole Idea of the FDIC Is to Avert

question 145

Multiple Choice

Statement I: The whole idea of the FDIC is to avert bank panics by assuring the public that the federal government stands behind the banking system.
Statement II: The FDIC is backed by the Congress,the Treasury,and the Federal Reserve.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Plant Manager

An individual responsible for overseeing all operations and activities within a manufacturing plant or factory, including production, staffing, and safety.

Account Manager

A professional responsible for managing relationships with specific customers or client accounts, ensuring their needs are met and business goals are achieved.

Technical Manager

An individual responsible for overseeing technical projects and teams, ensuring that technical activities align with organizational goals.

Centralization

Decision making based at the top of the management hierarchy.