Which of the following statements about the Federal Deposit Insurance Corporation (FDIC) is true?
A) The ceiling on the size of account insured by the FDIC is $10,000.
B) The FDIC bank examiner looks at banks' loan quality, management practices, earnings, liquidity, and whether the bank has enough equity to safely support its activities.
C) Only state banks, not national banks, are required by law to be insured by the FDIC.
D) The FDIC charges each bank the same flat rate for deposit insurance.
E) All of the above statements about the FDIC are true.
Correct Answer:
Verified
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