Alan puts $20,000 in an uninsured savings account at the Boston National Bank.Susie borrows $20,000 from the Boston National Bank,flies to a Central African country,and is never heard from again.Which of the following is true in this case?
A) Alan will lose her $20,000.
B) Alan will lose her $20,000 if she and Norma are related.
C) Alan will lose her $20,000 if the First National Bank makes all of its loans to people who run off to South Pacific islands.
D) Alan will not lose her $20,000 no matter what happens to the First National Bank.
E) Alan will not lose her $20,000 unless the Fed fails
Correct Answer:
Verified
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