Solved

Federal Deposit Insurance Was Created

Question 78

Multiple Choice

Federal deposit insurance was created


A) to insulate bank depositors from the effects of financial crises.
B) to protect the federal government from default on its loans.
C) to protect lenders to the federal government from government defaulting on its obligations.
D) to protect Federal Reserve Banks from bankruptcy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents