Insurance That Protects Individuals from the Loss of Their Bank

question 103

Multiple Choice

Insurance that protects individuals from the loss of their bank deposits:

• A)makes bank officials especially careful about the loans and investments they make.
• B)makes it virtually impossible for a bank to fail.
• C)is so costly that few banks can afford it.
• D)makes depositors less concerned about the safety of their money than the interest rate it is earning.
• E)was introduced as a direct result of the financial problems of the 1970s and 1980s.

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Definitions:

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Media

Forms of mass communication, including newspapers, magazines, books, comic books, radio, television, films, video games, and the Internet.

School

An institution designed for the teaching of students under the direction of teachers, varying greatly in the levels of education provided.

Extended Family

A family group that extends beyond the immediate nuclear family, including grandparents, aunts, uncles, and other relatives.