All of the following statements about banks in Zimbabwe in 2009 are true except
A)Political instability increased the risk of bank failures.
B)Banks were paying 100,000 percent interest on deposits.
C)Few people deposited their money into Zimbabwe banks.
D)The risk of losing deposits at Zimbabwe banks,even if they failed,was low because of deposit insurance.

Question

Quizplus · Accepted Answer

All the other options are true statements about banks in Zimbabwe in 2009. However, there was no deposit insurance program in Zimbabwe at that time, making it risky for depositors to put their money into banks.

All of the Following Statements About Banks in Zimbabwe in 2009