The average cost to the FDIC of each bank failure during the decade of the 1980s was larger than the total cost of all bank failures during the period 1933-79.

Question

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According to FDIC data, the average cost of each bank failure during the 1980s was $374 million, while the total cost of all bank failures during the period 1933-1979 was $8.6 billion. Therefore, the average cost of each bank failure in the 1980s was larger than the total cost of all bank failures during the period 1933-79.

The Average Cost to the FDIC of Each Bank Failure