During the financial crisis that began in 2008, what was the key aspect in banks that made savers comfortable that their money was safe?
A) Congress was watching over the banks.
B) The Federal Reserve did not let any banks fail.
C) Deposits were insured up to $250,000 by FDIC.
D) Bailouts protected the savers.

Question

Quizplus · Accepted Answer

Deposits were insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC), which provided a safety net for savers, ensuring that even if a bank failed, their deposits up to that amount were protected.

During the Financial Crisis That Began in 2008, What Was