When choosing a commercial bank, you should make sure your money is protected by the _____ in case of a bank failure. aFDIC bNCUA cFED dFSLIC

Who insures your funds at a bank or savings institution? aCUNA bMOM cFDIC d

What is the most important bank regulation, from the customer's point of view?Select the correct answer below:deposit insurancelender of last resortregulation to prevent failureregulation in response to financial crises

Consumers should make sure that commercial banks are FDIC insured before opening accounts. True False

Which of the following financial services does theFederal Reserve provide for commercial banks?I. clearing checksII. holding reservesIII. making loansa. I onlyb. II onlyc. III onlyd. I and IIe. I, II, and III

Banks are regulated to protect against disruptions to the services they perform and to protect government insured deposits.2 pointsTRUEFALSE