Question: Which statement is false? ( LO7 ) a) About 99 percent of all banks are members of the FDIC. b) If the FDIC runs out

Which statement is false? ( LO7 )

a) About 99 percent of all banks are members of the FDIC.

b) If the FDIC runs out of money, the federal government will supply it with more funds.

c) The FDIC would rather have another bank take over an ailing institution than be forced to pay off its depositors.

d) None of these statements is false.

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