Deposit insurance is one safeguard that has been implemented against a potential bank run. After...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Deposit insurance is one safeguard that has been implemented against a potential bank run. After the financial crisis, the Federal reserve increased the amount of money insured from $100,000 to $250,000. A bank customer has asked why the increased was made and what this means for her money at your bank.
Explain to the customer how the increase was a tool used by the Federal Preservee to help control the money supply, and discuss the benefits this brings to the customers.
Deposit insurance is one safeguard that has been implemented against a potential bank run. After the financial crisis, the Federal reserve increased the amount of money insured from $100,000 to $250,000. A bank customer has asked why the increased was made and what this means for her money at your bank.
Explain to the customer how the increase was a tool used by the Federal Preservee to help control the money supply, and discuss the benefits this brings to the customers.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.