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One of the tasks capital performs is promote public confidence. This means: Maintain FDIC insurance on deposits. Ability to acquire other firms and grow their
One of the tasks capital performs is promote public confidence. This means:
- Maintain FDIC insurance on deposits.
- Ability to acquire other firms and grow their assets.
- Be able to have sufficient capital to absorb losses until profitability can be restored.
- Have sufficient equity reserves.
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