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The Federal Deposit Insurance Reform Act of 2005 Allows the Boards

Question 108

Multiple Choice

The Federal Deposit Insurance Reform Act of 2005 allows the boards of the FDIC and the National Credit Union Administration (NCUA) starting in 2010 to adjust deposit insurance coverage for inflation every:


A) Five years, rounding to the nearest $10,000
B) Three years, rounding to the nearest $10,000
C) Ten years, rounding to the nearest $5,000
D) Seven years, rounding to the nearest $10,000
E) None of the above

Correct Answer:

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