If a Credit Union Goes Bankrupt,who or What Insures That

question 29

Multiple Choice

If a credit union goes bankrupt,who or what insures that the account will get its money back up to $250,000?

• A)FDIC
• B)NCUA
• C)NCUSIF
• D)FSLIC

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or industry's output expands.

Output

The amount of something produced by a person, machine, or industry.

Total Cost

The aggregate of fixed and variable costs of production for a given level of output, encompassing all expenses needed to produce goods or services.

Produce

To create or manufacture goods and services for consumption using labor, materials, and machinery.