9. Discounting is no longer needed because the pres- ence Of the FDIC eliminates the possibility of...

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9. "Discounting is no longer needed because the pres-

ence Of the FDIC eliminates the possibility of bank panics, " Is this statement true, false. Or uncertain?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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