The PDIC shall not pay deposit insurance insurance for the following accounts or transactions, except for: Deposit

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The PDIC shall not pay deposit insurance insurance for the following accounts or transactions, except for:

Deposit accounts which are unfunded, fictitious or fraudulent

Deposit products constituting or emanating from unsafe and unsound banking practices

Deposit accounts that resulted from splitting of deposits

Foreign currency deposits

explain

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 25, 2024 03:13 AM

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The PDIC shall not pay deposit insurance insurance for the following accounts or transactions, except for: Deposit

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The Federal Deposit Insurance Corporation FDIC protects depositors money in the event of a bank failure However there are certain exceptions where dep... View the full answer

Income Tax Fundamentals 2013

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