Some countries do not have bank deposit insurance. Instead, the common practice in the event of bank failure is to:
A) Convert deposit amounts to equity shares for the depositor
B) Solicit funds to cover any shortfall(s) from the remaining healthy banks
C) Do nothing, in the name of "survival of the fittest"
D) Seek advances from the World Bank
E) None of the above
Correct Answer:
Verified
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