Probably the Most Important Feature of Deposit Insurance Is That

question 103

Multiple Choice

Probably the most important feature of deposit insurance is that it:

• A) is paid for by the federal government.
• B) costs so little to buy the policies to keep your money safe.
• C) protects the economy against bank runs.
• D) ensures that banks will always make a profit.

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Definitions:

Geological Processes

Natural dynamic actions or events that result in the physical modification of the earth's surface, including erosion, sedimentation, and volcanic activity.

Fossilized

Fossilization refers to the process by which organic material is replaced by minerals, turning remains into stone over geological time.

Plate Tectonics

This is the scientific theory that explains the large-scale motion of Earth's lithosphere, which is divided into tectonic plates.

Earth's Crust

The outermost layer of the Earth, composed of solid rocks and minerals, which is both continental and oceanic in type.