Responses
Commercial and investment banking practices are strictly separated by law.
Commercial and investment banking practices are strictly separated by law.
Depositor funds are insured against potential loss in the event of a bank failure.
Depositor funds are insured against potential loss in the event of a bank failure.
Banks are required to keep the full amount of every deposit made in their vaults.
Banks are required to keep the full amount of every deposit made in their vaults.
The United States dollar can be exchanged for a fixed quantity of gold.
1 answer
The correct response is:
Depositor funds are insured against potential loss in the event of a bank failure.
The Banking Act of 1935 helped strengthen the Federal Reserve System and included provisions that led to the establishment of the Federal Deposit Insurance Corporation (FDIC), which insures depositor funds.
