Banks are required by law to pay a small fraction of their deposits to the _______________, which goes into a __________ fund that is used to repay depositors their money if the bank should go bankrupt.
A) Federal Reserve Deposit Insurance Fund; deposit insurance
B) U.S. Deposit Insurance Fund; pooled
C) Federal Deposit Insurance Corporation; deposit insurance
D) Federal Bank Deposit Insurance Fund; pooled
Correct Answer:
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