Question

Why is storing money in a bank considered safer than storing it in other investment vehicles?

(1 point)
Responses

Banks offer a wider array of financial planning services.

Banks offer a wider array of financial planning services.

Bank accounts are often opened with savings accounts.

Bank accounts are often opened with savings accounts.

Bank deposits are insured by the government.

Bank deposits are insured by the government.

Banks typically know each of their customers.

Banks typically know each of their customers.

Answer 1

Bank deposits are insured by the government.