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Retail Banking Industry And Processes MCQs

Why was the FDIC limit of insurance raised to $250,000 temporarily in 2008 thru 2009?

The failure of several banks created a need to bolster consumer confidence in the industry

To help consumers reduce their tax liabilities

To help stimulate the economy

To provide loans to consumers for housing

Answer

Correct Answer: The failure of several banks created a need to bolster consumer confidence in the industry

Explanation:

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