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Posted on Jul 30, 2024

Because a bank's depositors also suffer from asymmetric information in that it is difficult for them to know if a bank is being run well,

Because a bank's depositors also suffer from asymmetric information in that it is difficult for them to know if a bank is being run well, the US government created

a. ?government-sponsored deposit insurance.

b. ?a dual banking system.

c. ?the requirement for banks to obtain charters.

d. ?the Federal Reserve Bank.

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