The FDIC's use of purchase and assumption resolution of failed banks has resulted in de facto 100 percent deposit insurance because
A) all accounts up to $100,000 have been paid off by the FDIC.
B) the assuming bank assumes all deposits of the failed banks.
C) the assuming bank assumes all deposits up to $100,000.
D) the large accounts above $100,000 are assumed by the FDIC.
Correct Answer:
Verified
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