Federal deposit insurance used to cover a maximum of $ 40,000 per eligible account. It was later

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Federal deposit insurance used to cover a maximum of $ 40,000 per eligible account. It was later raised to $ 100,000 per account and is now $ 250,000 per eligible account. What cost and/ or risk does this present to the FDIC?

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Bank Management

ISBN: 978-1133494683

8th edition

Authors: Timothy W. Koch, S. Scott MacDonald

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Question Posted: Nov 03, 2015 05:51 AM

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Federal deposit insurance used to cover a maximum of $ 40,000 per eligible account. It was later

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At the same time that Congress increased the insured deposit amount to 100000 it expanded t...View the full answer

Bank Management

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