Which of the Following Is True

question 148

Multiple Choice

Which of the following is true?

• A) The FDIC sets the reserve requirements for commercial banks.
• B) The Federal Reserve System guarantees the deposits in almost all banks up to a $250,000 limit per account.
• C) Since the Federal Reserve System was established in 1913, bank failures due to panic withdrawals have been virtually eliminated.
• D) If a bank should fail, the FDIC guarantees that depositors can get their funds up to a $250,000 limit per account.

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