The Federal Deposit Insurance Corporation Was Enacted to Insure

question 1

Multiple Choice

The Federal Deposit Insurance Corporation was enacted to insure:

• A) FHA loans
• B) conventional loans
• C) savings accounts at depository institutions
• D) the solvency of pension plans

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Definitions:

Autarky

An economic system wherein a country or entity is self-sufficient and does not engage in international trade.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, representing the benefit to producers.

Total Surplus

The total net gain to consumers and producers from trading in a market; the sum of the producer surplus and the consumer surplus.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.