Today,bank runs are not a major problem for the U.S.banking system because
A)bank runs are now illegal.
B)banks now hold 100 percent of their deposits in reserve.
C)banks are now all government-operated.
D)the federal government now guarantees the safety of deposits at most banks.

Question

Quizplus · Accepted Answer

The federal government now guarantees the safety of deposits at most banks through the Federal Deposit Insurance Corporation (FDIC). This means that even if a bank experiences financial difficulties, depositors will still be able to receive their insured deposits (up to $250,000 per account). This assurance of protection has greatly reduced the likelihood of bank runs in the US banking system.

Today,bank Runs Are Not a Major Problem for the U