The Principal of Deposits at Commercial Banks Is Insured by

question 52

Multiple Choice

The principal of deposits at commercial banks is insured by

• A) FDIC.
• B) CUNA.
• C) SEC.
• D) SIPC.

Understand the impact of economic growth on job opportunities, wages, and standard of living.

Differentiate between the economic systems (socialism, communism, market economies) and their characteristics.

Understand the business cycle phases, including recession and recovery, and their impact on employment and consumer behavior.

Understand how restrictive monetary policy affects the money supply and inflation.