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How deposit insurance & lender of last resort make the repeat of great depression less likely today?

2007-12-12 00:44:29 · 1 answers · asked by enoch l 1 in Social Science ➔ Economics

1 answers

The failure of bank due to bank runs contributed to the economic problems in the 1930's. The FDIC prevents bank runs because it assures depositors they will get their money.

2007-12-12 03:41:44 · answer #1 · answered by meg 7 · 0⤊ 0⤋

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