Which of the following is the most important protection against fears of bank collapse?
A) The Federal Reserve.
B) The Federal Reserve Open Market Committee.
C) The Federal Deposit Insurance Corporation.
D) The gold and silver that backs Federal Reserve notes.

Question

Quizplus · Accepted Answer

The Federal Deposit Insurance Corporation (FDIC) is the most important protection against fears of bank collapse. The FDIC provides insurance to depositors in case of bank failure, up to a certain amount per depositor per bank. This helps to ensure that depositors will not lose all of their savings in the event of a bank collapse. The other options listed may have an impact on the overall stability of the banking system, but they do not directly insure individual depositors against loss.

Which of the Following Is the Most Important Protection Against