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Retail Banking Industry And Processes MCQs

What was the purpose of the 2006 Deposit Insurance Fund?

To replace the FDIC

To merge the two earlier funds namely the Bank Insurance Fund and the Savings Associations Insurance Fund

To reduce consumer taxes on investment gains

To promote the idea that consumers should be saving money

Answer

Correct Answer: To merge the two earlier funds namely the Bank Insurance Fund and the Savings Associations Insurance Fund

Explanation:

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