Question

QUESTION 1 As the receiver of a failed bank the FDIC has the authority to arrange for a solvent bank to acquire the assets and liabilities of the failed bank. True False 2.94 points QUESTION 2 Bank capital protects: The FDIC, uninsured depositors, creditors, and owners. Tax payers and the Federal Reserve The FDIC and Taxpayers. Only insured depositors. The FDIC, uninsured depositors, creditors, and taxpayers. 2.94 points QUESTION 3 Base your answers to the following on the information found at the FDIC: https://www.fdic.gov/bank/individual/failed/banklist.html The FDIC always gives both insured and uninsured depositors one months’ notice before a bank is closed by state banking regulators. True False 2.94 points QUESTION 4 Base your answers to the following on the information found at the FDIC: https://www.fdic.gov/bank/individual/failed/banklist.html First-Citizens Bank & Trust Company, Raleigh North Carolina assumed the deposits of First CornerStone Bank, King of Prussia, PA. All of the assets of First CornerStone Bank were purchased by the FDIC. True False 2.94 points QUESTION 5 Base your answers to the following on the information found at the FDIC: https://www.fdic.gov/bank/individual/failed/banklist.html In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority: Depositors General Unsecured Creditors Stockholders Subordinated Debt True False 2.94 points