Which one of the following is presently a major deterrent to bank panics in the United States?

Question

Quizplus · Accepted Answer

FDIC insurance guarantees that individuals' deposits up to a certain amount are insured by the government in case their bank fails, which provides a sense of security to depositors and reduces the likelihood of bank panics. The legal reserve requirement and fractional reserve system regulate how much banks must set aside in reserves but they do not guarantee the safety of depositors' funds. The gold standard, which tied the value of currency to gold, was abandoned by the US in 1971 and is no longer in place.

Which One of the Following Is Presently a Major Deterrent