To address the decreasing balance of the FDIC deposit insurance fund during the financial crisis of 2007-2008
A) deposit insurance programs were suspended for a period of three months.
B) the FDIC increased individual depositor insurance coverage from $100,000 to $250,000.
C) the FDIC announced that it would no longer honor deposit insurance coverage of some failing DIs.
D) two special assessments were levied on institutions participating in the FDIC insurance programs.
E) the U.S.Treasury had to take over management of the FDIC.
Correct Answer:
Verified
Q59: The introduction of prompt corrective action capital
Q60: During the 1980s, a high proportion of
Q61: What is the benefit of a regulatory
Q62: Deposit insurance premiums or costs imposed on
Q63: What was the objective of the FDIC
Q65: How can the regulators reduce the effects
Q66: The deficit realized by the PBGC in
Q67: Which of the following is NOT a
Q68: Which of the following contributed the least
Q69: All of the following are associated with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents