19-67 Which of the Following Methods Was NOT a Method

question 68

Multiple Choice

19-67 Which of the following methods was NOT a method used to replenish the FDIC's deposit insurance reserve fund during the most recent financial crisis?

• A)A special assessment was imposed on participating FIs in early 2009.
• B)Individual depositor insurance coverage was increased to $250,000.
• C)Deposit insurance premiums were increased.
• D)Participating institutions were required to pre-pay insurance premiums.
• E)A special assessment was imposed on participating FIs during the fall of 2009.

---

Definitions:

Undeposited Funds

An account used in accounting to hold funds that have been received but not yet deposited into a bank account.

Customer Payments

The transactions where a customer pays the company for goods or services provided.

Asset Account

An account on a balance sheet representing resources owned by a company with future economic value.

Debited

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.