Statement I: the Whole Idea of the FDIC Is to Avert

Statement I: The whole idea of the FDIC is to avert bank panics by assuring the public that the federal government stands behind the banking system.
Statement II: The FDIC is backed by the Congress,the Treasury,and the Federal Reserve.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.