Utilize any internet search engine and secure a comprehensive definition and research and discuss the pros and cons of the Purchasing Power of African Americans and Hispanics. Since Net Worth is the total financial worth of an individual, Discuss the Net Worth of African Americans and contrast it with the Net Worth of Hispanics. Discuss the essential components of net Worth and why it is far more important than engaging in consumer activities. Finally, discuss the pros and cons of millions of Americans placing their money in American banks yet, they have no idea of the meaning (Which is displayed on the outer door of every bank in the United States) of the critically acclaimed acronym FDIC. Research the acronym and discuss the pros and cons of FDIC. Discuss the pros and cons of receiving the money in one day, three months, six months, nine months, or greater than a year. Finally, determine if the country is much more efficient without the FDIC.
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