Question: FDIC. Why is FDIC insurance important? ( Select the best answer below. ) FDIC insurance is needed so the public trusts the banks to have

FDIC. Why is FDIC insurance important? (Select the best answer below.)
FDIC insurance is needed so the public trusts the banks to have a higher interest rate and will therefore deposit money in a
financial institution instead of keeping it in a safe or stuffed in a mattress. The funds are then available to be borrowed by others.
FDIC insurance is needed so the public has faith in the financial system and will therefore deposit money in a financial institution
instead of keeping it in a safe or stuffed in a mattress. The funds are not available to be borrowed by others.
FDIC insurance is needed so the public has faith in the financial system and will therefore keep money in a safe or stuffed in
mattress instead of keeping it in a financial institution. The funds are available to be borrowed by others.
FDIC insurance is needed so the public has faith in the financial system and will therefore deposit money in a financial institution
instead of keeping it in a safe or stuffed in a mattress. The funds are then available to be borrowed by others.
FDIC. Why is FDIC insurance important? (Select the best answer below.)

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