MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 14, Problem 9SQP
To determine

The banks that must be insured by FDIC and the ones that can choose not to be insured by FDIC.

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Which banks can choose not to be insured by the FDIC? Banks that are members of the Fed State-chartered banks Credit unions
What are the arguments for and against deposit insurance such as that provided by the FDIC?
c14. You have savings accounts at two separately FDIC insured banks, ABC Bank and XYZ bank. At ABC your account has a balance of $200,000. At XYZ bank the account balance is $60,000. a. If both banks fail how much will you receive? b. You find out that ABC and XYZ banks are going to merge. If you are concerned about the possibility of the new bank failing what would you do?
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