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Where does the FDIC s reserve fund come from? a. The FDIC has access to federal tax revenue. b. If an insured bank fails, the FDIC keeps the money at that bank that is beyond the insured limit. c. A certain amount of money goes directly from the Treasury to the FDIC s reserve fund. d. Insured banks pay a premium on the money insured.
Weegy: The FDIC first got their operating money from the stocks that they bought from the congress. They then paid back this money after being stable. [ Their work is to ensure that the banks do not engage in unsafe practices, so they end up not using a lot of money to repay bankers. ] (More)
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Asked 7/1/2013 7:49:44 AM
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Why does the fdic place a limit on the ammount of money it will insure?
Weegy: That is the amount they owe you at the time of payout.The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. [ For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the accounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured. The FDIC provides separate insurance coverage for funds depositors may have in different categories of legal ownership. The FDIC refers to these different categories as “ownership categories.” This means that a bank customer who has multiple accounts may qualify for more than $250,000 in insurance coverage if the customer’s funds are deposited in different ownership categories and the requirements for each ownership category are met. ] (More)
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Expert Answered
Asked 7/1/2013 7:58:49 AM
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Ideas that are spread in order to promote a cause or to damage an opposing cause
Weegy: Ideas that are spread in order to promote a cause or to damage an opposing cause . propaganda (More)
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Asked 7/2/2013 8:12:17 AM
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