buggacox buggacox
  • 11-12-2017
  • History
contestada

In the event a bank folds, this organization guarantees your money will be safe.

Respuesta :

MrBrainalot
MrBrainalot MrBrainalot
  • 11-12-2017
This depends on the country, but in most cases it is THE GOVERNMENT itself (i.e. the taxpayers) that foot the bill if a bank folds. This is often because of the "too big to fail" situation in which a banking institution is so embedded in society that its failure would cause catastrophic economic impact, such as plunging a country into a recession.


Answer Link

Otras preguntas

is it important to have a gf r be single?​
What was Reconstruction??
football, Which parts of this warm-up did you find most difficult? Why?
In Wilfred Owen's "Dulce Et Decorum Est," what effect is created by the alliterative sounds in lines such as "Knock-kneed, coughing like hags, we cursed through
Volume round to nearest tenth
Marshall suggested that the cause of a downward-sloping long-run supply curve is a. The absence of fixed cost in the long run. B. The increased number of firms
Hitler's goal in regards to the Jewish people was to: expel them out of Germany. eliminate all of the Jewish people in Europe. assimilate them into German socie
A lack of _______________ on the board, was a common trait of financial institutions requiring a bailout during the 2008 recession.
Which is a responsibility of a elected representatives
The jones family and the Connor family both bought the same boxed package of sugar cubes at the store, in which the cubes were arranged in 5 layers. After drink