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Deposits in different branches of the same bank are:
AAssigned severally
BAdded together
CAdded and doubled
DAssessed separately
Answer & Solution
Correct answer: B. Added together
1. The cover is a per bank cover, not a per branch cover.
2. Every branch balance is brought into one figure.
3. They are aggregated and one limit is paid.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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