Which government agency insures bank deposits in the US? (Choose an answer from the list below; only one is correct)

Reference: Chapters 11, 13

Group of answer choices

Federal Deposit Insurance Corporation (FDIC)

Federal Reserve (FRB)

Securities & Echange Commission (SEC)

There is no agency that does this as US bank deposits are not insured

What is Net Interest Income? (Choose an answer from the list below; only one is correct.)

Reference: Chapter 12

Group of answer choices

A provision for expected loan losses

A measure of the number of bankers who are interesed in earning a salary

The difference between the interest income that banks earn on their loans and securities & the provision for loan losses that they take to reflect the risks that some of the loans they have made will not be repaid.

The difference between the interest income that banks earn on their loans and securities & the interest payments that they make on deposits & borrowed funds.