Which of the Following Is True

question 56

Multiple Choice

Which of the following is true?

• A)The FDIC sets the reserve requirements for commercial banks.
• B)The Federal Reserve System guarantees the deposits in almost all banks up to a limit of $1,000,000 (extended to $2,500,000 through 2013) per account.
• C)Since the Federal Reserve System was established in 1913, bank failures due to panic withdrawals have been virtually eliminated.
• D)If a bank should fail, the FDIC guarantees that depositors can get their funds up to a limit of $100,000 (extended to $250,000 through 2103) per account.

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Definitions:

Curve

A smooth, continuous line or surface that deviates from being straight, often described in mathematics and geometry.

Stream Profile

The longitudinal profile of a stream, showing changes in elevation from its source to its mouth, often used in geomorphology.

Located

A term indicating the position or geographical placement of something.

Mountain Streams

Small, fast-flowing streams found in mountainous areas, often characterized by steep gradients and rocky beds.