If Safeco Bank is shut down by the government,what possible scenarios could happen?

Question

Quizplus · Accepted Answer

The FDIC (Federal Deposit Insurance Corporation) is responsible for protecting the interests of depositors in the event that a bank fails. If Safeco Bank is shut down by the government, the FDIC could either pay the bank's depositors (option A) or transfer the bank to new ownership (option B). Therefore, either option A or option B could happen, making D the best choice. Option C is unlikely as the FDIC typically does not control a bank's operations for an entire year.

If Safeco Bank Is Shut Down by the Government,what Possible