The FDIC
A)insures most bank deposits for up to $250,000.
B)eliminates the need for bank depositors to run to their bank when they hear bad news about the bank.
C)has been credited with reducing the number of bank failures since 1933.
D)All of these responses are correct.

Question

Quizplus · Accepted Answer

The FDIC insures most bank deposits for up to $250,000, which eliminates the need for bank depositors to run to their bank when they hear bad news about the bank. Additionally, the FDIC has been credited with reducing the number of bank failures since its inception in 1933.