7. Deposit insurance, a promise by the government to compensate depositors if a bank fails, prevents bank
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7. Deposit insurance, a promise by the government to compensate depositors if a bank fails, prevents bank runs because it makes depositors confident that their money is safe. LOP8
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Macroeconomics And The Financial System
ISBN: 9781429253673
1st Edition
Authors: N. Gregory Mankiw, Laurence Ball
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