23.

The Federal Depository Insurance Corporation was established in 1933 to:

provide a safe place for savings of particular groups of people.

provide depositors with a short-term source of funds for low-interest consumer loans.

apprehend counterfeiters.

help stop bank failures throughout the United States.

fund small-scale businesses.

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24.

Should a member bank of the Federal Deposit Insurance Corporation fail, its depositors can recover all of their funds, up to _____.

$1,000

$10,000

$250,000

$1 million

$10 million

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25.

Insurance companies typically invest large amount of excess funds from premiums or make long-term loans, particularly to businesses in the form of:

commercial real estate loans.

car loans.

premium funds.

high-risk securities.

funds to banking institutions.