Question

The primary purpose of the FDIC is to reduce the potential for A. bank runs. B. reserve cheating. C. government regulations. D. excessive interest rates.

Answer 1

A. bank runs

Step-by-step explanation:

The federal deposit insurance corporation insures the deposits of customers of deposit institutions in the US.

They provide stability to financial institutions and increases the confidence of the public in financial institutions. This reduces banks runs.

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