21) Savings-and-loans were originally federally insured through the A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency. 22) Savings-and-loans are now federally insured through the A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency. 23) Credit unions are federally insured through the A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency. 24) The current level of deposit insurance is A) $100,000 per depositor. B) $100,000 per deposit. C) $200,000 per depositor. D) $200,000 per deposit. 25) It is estimated that approximately __________ percent of U.S. depositors have their deposits fully federally insured. A) 25 B) 40 C) 70 D) 99 26) The FDIC handles most bank failures by the __________ method. A) payoff B) nationalization C) purchase and assumption D) share transfer 27) The FDIC handles most bank failures by the purchase and assumption method because A) the existence of uninsured deposits (over $100,000) makes runs and panics possible. B) it allows the FDIC to avoid paying off large deposits when a bank fails. C) most banks have become too big for the FDIC to allow them to fail. D) it allows the FDIC to write checks legally to pay all deposits, even those over $100,000. 28) In the wake of the failure of __________ in 1984, the FDIC announced the “too big to fail” policy. A) Mariners’ Trust of Detroit B) Manufacturers Hanover Bank C) Silverado Savings-and-Loan D) Continental Illinois Bank 29) What was particularly significant about the failure of the Bank of New England in 1991? A) It was the FDIC’s first use of the purchase and assumption method. B) It fell under the FDIC’s “too big to fail” policy. C) The FDIC had to delay bank liquidation due to lack of funds. D) The FDIC began its policy of insuring checkable deposits fully. 30) Deposit insurance has been __________ in achieving its goals of preventing runs and __________. A) successful; protecting small investors B) successful; protecting large investors C) unsuccessful; protecting small investors D) unsuccessful; protecting large investors