Which statement below is $RUE if there is deposit insurance?

Select one:

a$.$ A well$-$designed deposit insurance scheme can help banks realise fewer losses from the fire sale of illiquid assets.

b$.$ None of the other options are TRUE.

c$.$ Uninsured depositors lack incentives to differentiate between good vs bad banks.

d$.$ Deposit holders are more likely to panic if there is a perceived bank solvency problem.

e$.$ Deposit insurance will encourage the management and shareholders of banks to manage liquidity risk more prudently.