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1. Commercial banks and savings institutions both are insured by insurance funds that are managed by the _________________. On the other hand, the _________________ insures losses of funds deposited with securities firms in the event of failure of a securities firm.

A. NASD, FDIC

B. SIA, FINRA

C. FDIC, SEC

D. FDIC, SIPC

E. OCC, SIPC

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