where does the fdics reserve fund come from? a. the fdic has access to federal tax revenue. b. if an insured…

where does the fdics reserve fund come from? a. the fdic has access to federal tax revenue. b. if an insured bank fails, the fdic keeps the money at that bank that is beyond the insured limit. c. a certain amount of money goes directly from the treasury to the fdics reserve fund. d. insured banks pay a premium on the money insured. please select the best answer from the choices provided

where does the fdics reserve fund come from? a. the fdic has access to federal tax revenue. b. if an insured bank fails, the fdic keeps the money at that bank that is beyond the insured limit. c. a certain amount of money goes directly from the treasury to the fdics reserve fund. d. insured banks pay a premium on the money insured. please select the best answer from the choices provided

Answer

Answer:

D. Insured banks pay a premium on the money insured.

Brief Explanations:

The FDIC's reserve fund is mainly funded by premiums paid by insured - banks based on the amount of insured deposits. It doesn't have direct access to federal tax revenue in the way described in option a. Option b is incorrect as the FDIC doesn't operate by keeping funds beyond insured limits from failed banks in that way. And option c is wrong as the main source isn't direct Treasury transfers.