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tankabanditka [31]
3 years ago
12

Why does the FDIC place a limit on the amount of money it will insure?

History
2 answers:
Alenkasestr [34]3 years ago
8 0
<span>The FDIC has only limited reserves. </span>
blondinia [14]3 years ago
3 0

Answer:

FDIC is an independent agency that protects the depositors if the FDIC insured bank fails. FDIC insurance is backed by the United States Government. It protects the employees by ensuring their bank account.  It covers up to at least 250,000 dollars. If an FDIC insured bank fails then FDIC pays the insurance to the depositors up to the insurance limit. It pays the amount within few days of the closing of the bank either by providing a new bank account at another insured bank(The amount is equal to the insured balance of their bank account) or by issuing a check to each depositor.

Regardless of how much money one has in the bank account FDIC  covers up to 250,000 dollars only.

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How did the development of the slave trade in West Africa impact the African economy
emmasim [6.3K]

Answer:

The Atlantic slave trade had a negative impact on African societies and the long-term impoverishment of West Africa. For some it intensified effects already present among its rulers and kingdoms.

Explanation:

The use of African slave labour was not new. The Spanish and Portuguese had been using African slaves since the 16th century. However, the Atlantic slave trade of the 18th century was a new kind of slavery and was on a scale much greater than ever before.

The implications of the slave trade included:

Effects of the trade on African societies in West Africa

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The development of slave-based states and economies

The destruction of societies

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Leaders of African societies took roles in continuing the trade

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3 years ago
What were four popular cars during the 1960's? Include the makes and models of each.
OleMash [197]

Answer:

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6 0
2 years ago
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How would the world be different if the Columbian Exchange never happened?
miss Akunina [59]

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The Columbian exchange of crops affected both the Old World and the New. Amerindian crops that have crossed oceans—for example, maize to China and the white potato to Ireland—have been stimulants to population growth in the Old World. The latter’s crops and livestock have had much the same effect in the Americas—for example, wheat in Kansas and the Pampa, and beef cattle in Texas and Brazil. The full story of the exchange is many volumes long, so for the sake of brevity and clarity let us focus on a specific region, the eastern third of the United States of America.

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Cattle and horses were brought ashore in the early 1600s and found hospitable climate and terrain in North America. Horses arrived in Virginia as early as 1620 and in Massachusetts in 1629. Many wandered free with little more evidence of their connection to humanity than collars with a hook at the bottom to catch on fences as they tried to leap over them to get at crops. Fences were not for keeping livestock in, but for keeping livestock out.


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Why do you think the legal age to marry is 21 and not 18 in the 1500s?
DochEvi [55]
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