After nearly failing, the FDIC's Bank Insurance Fund (BIF) achieved record levels of reserves during the 1990s.

Question

Quizplus · Accepted Answer

The statement is true. The FDIC's Bank Insurance Fund (BIF) did achieve record levels of reserves during the 1990s, despite almost failing in the late 1980s due to a string of bank failures. This was due to increased premiums, improved bank supervision, and stronger capital requirements.

After Nearly Failing, the FDIC's Bank Insurance Fund (BIF) Achieved