Under the Payoff Method of Handling a Bank Failure, the FDIC

Under the payoff method of handling a bank failure, the FDIC

A) takes over the bank and controls its operations.
B) closes the bank, sells off the assets, pays off insured depositors, and then pays off creditors of the bank if funds remain.
C) keeps the bank open and lends funds to it so that it is able to continue its operation.
D) finds a buyer for the bank, giving the buyer the good assets of the bank, and assumes the bad loans of the bank.