Responses
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.
The United States dollar can be exchanged for a fixed quantity of gold.
The United States dollar can be exchanged for a fixed quantity of gold.
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.
Commercial and investment banking practices are strictly separated by law.
1 answer
The correct response is:
Depositor funds are insured against potential loss in the event of a bank failure.
This result is associated with the creation of the Federal Deposit Insurance Corporation (FDIC) as part of the Banking Act of 1935, which insured deposits to restore public confidence in the banking system.
