Which is the most accurate statement?

Question

Quizplus · Accepted Answer

The most accurate statement is that the FDIC was created in the 1930s to prevent bank failures. This is because it is a historical fact that the FDIC was created as a response to the widespread bank failures during the Great Depression. Options A and B are incorrect because while the FDIC does work to prevent bank failures and insure deposits, it does not guarantee that no bank will fail, and the current limit for deposit insurance is $250,000, not $10,000 or $40,000. Option D is also incorrect because the current deposit insurance limit is $250,000.

Which Is the Most Accurate Statement