Which of the following is not a historical problem with deposit insurance?
a. Deposit insurance is a substitute for some functions of bank capital.
b. Some banks are considered Too-Big-To-Fail.
c. Historically, deposit insurance premium levels have been insufficient to cover potential payouts.
d. Historically, deposit insurance premiums were not assessed against all of a bank's insured liabilities.
e. All of the above are historical problems with deposit insurance.
Answer: E