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Banks are required by law to pay a small fraction of their deposits to the which goes into a fund that is used to repay

Banks are required by law to pay a small fraction of their deposits to the

which goes into a fund that is used to repay depositors their money if the bank should go bankrupt.

Select the correct answer below:

Federal Deposit Insurance Corporation

Federal Reserve Bank

.

.

Treasury

state government

Banks are required by law to pay a small fraction of their deposits to the

which goes into a fund that is used to repay depositors their money if the bank should go bankrupt.

Select the correct answer below:

Federal Deposit Insurance Corporation

Federal Reserve Bank

.

.

Treasury

state government

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