The FDIC helps prevent

Name: The FDIC helps prevent
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The FDIC (Federal Deposit Insurance Corporation) helps prevent bank runs by insuring deposits in member banks up to a certain amount. This insurance gives depositors confidence that their money is safe and prevents them from withdrawing all of their funds at the same time, which can cause a bank run. The FDIC does not directly prevent risky behavior on the part of bankers or depositors, nor does it address inflation.

The FDIC Helps Prevent