Which of the Following Acts to Protect Depositors from a Bank

question 250

Multiple Choice

Which of the following acts to protect depositors from a bank run by insuring all deposits up to $250,000?

• A)the FDIC
• B)the Department of Justice
• C)the Federal Reserve
• D)the Office of Management and Budget

Comprehend the objectives of elected officials and the concept of the public interest.

Recognize the government's role in promoting competition and managing natural monopolies.

Analyze the effects of taxation on activities that generate external benefits or costs.

Identify the fundamental roles of government in safeguarding private property and enforcing contracts.

---

Definitions:

Property Loss

Financial loss incurred due to damage, destruction, or theft of property.

Adverse Selection

A situation in which sellers have information that buyers do not have, or vice versa, affecting the quality of goods or services offered.

Probationary Period

A trial period at the beginning of employment during which an employer can evaluate an employee’s performance and fit with the company.

ISO 9000

A set of international standards for quality management and quality assurance designed to help companies ensure they meet customer and other stakeholder needs.