Insolvent banks while insolvent non-bank institutions .
A)are taken over by the FDIC; are usually taken over by the SEC
B)are taken over by the FDIC; usually declare bankruptcy
C)declare bankruptcy; are usually taken over by the SEC
D)declare bankruptcy; are usually taken over by the FDIC

Question

Quizplus · Accepted Answer

Insolvent banks are typically taken over by the FDIC to protect depositors, while insolvent non-bank institutions usually declare bankruptcy.

Insolvent Banks While Insolvent Non-Bank Institutions