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Question
The FDIC's use of purchase and assumption resolution of failed banks has resulted in de facto 100 percent deposit insurance becausea. all accounts up to $100,000 have been paid off by the FDIC.
b. the assuming bank assumes all deposits of the failed banks.
c. the assuming bank assumes all deposits up to $100,000.
d. the large accounts above $100,000 are assumed by the FDIC.
Answer
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