BUSN 3320 Money and Banking Class QUESTION 40 1. The FDIC was established as part of The Banking Act of 1933 (Glass-Steagall). This Federal Act was in response to the banking crisis of 1933 which culminated in a National Bank Holiday from March 6th to March 13th, 1933. True False QUESTION 41 1. The insurance risk premium charged by the FDIC to banks is independent of the risk of the bank. This is a major weakness in bank regulations. A risky bank pays the same premiums as a safer bank. True False QUESTION 42 1. When a bank fails and the FDIC becomes the receiver, FDIC officers have total discretion of which institutions and individuals are compensated as well as the order in which they are compensated and the amounts each receives. True False