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 US 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, among other things, reinforced the establishment of the Federal Deposit Insurance Corporation (FDIC), which provides insurance for depositor funds in member banks.
