Why is FDIC insurance important? $($Select the best answer below.$)$

A$.$ 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.

B$.$ 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.

C$.$ 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.

D$.$ 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.