19-68 From January 2008 to December 2009,there were a total of ____ FDIC insured bank failures,which cost the FDIC approximately ____ billion to resolve.

Question

Quizplus · Accepted Answer

The question specifically mentions the time period from January 2008 to December 2009, so we need to look for the number of FDIC insured bank failures and their cost during this period. According to FDIC's website, there were 140 bank failures in 2009 and 25 bank failures in 2008, totaling 165 bank failures in the specified time period. Additionally, the FDIC's estimated cost to resolve these failures was $54.5 billion, which is closest to choice C ($56 billion).

19-68 from January 2008 to December 2009,there Were a Total