Question

Today, bank runs are uncommon because of the high reserve requirement. uncommon because of FDIC deposit insurance. common because of the low reserve requirement. common because the FDIC is nearly bankrupt

Answer 1

uncommon because of FDIC deposit insurance

Step-by-step explanation:

The Federal Deposit Insurance Corporation (FDIC) offers deposit insurance through banks, and it is guaranteed by the federal government. The current amount of standard insurance is $250,000 for each depositor, per insured bank and for each account category. The FDIC covers:

• Checking accounts
• Negotiable order of withdrawal accounts
• Savings accounts
• Money market deposit accounts
• Time deposits such as certificates of deposit
• Cashier's checks, money orders, and other official items issued by a bank