Which of the following statements is true of the U.S.economy?

Question

Quizplus · Accepted Answer

The establishment of the Federal Deposit Insurance Corporation in 1933 provided insurance to depositors, which decreased the likelihood of bank runs occurring. Therefore, option D is correct. Option A is incorrect because there have been bank runs after 1990, such as during the financial crisis of 2008. Option B is incorrect because there were bank runs before 1990, such as during the Great Depression. Option C is partially correct, as around a fifth of all U.S. banks failed during the Great Depression, but not almost one-fourth as stated in the option.

Which of the Following Statements Is True of the U