Q6. The Financial Services Compensation Scheme (FSCS): a) is a government-backed scheme that compensates customers of authorised financial institutions in case of failure. b) is a government-backed scheme that compensates customers of all financial institutions in case of failure c) Is a scheme that compensates financial customers independently of their levels of savings in the event of government failure d) Aims at increasing confidence in the government's finances e) None of the above (4 marks)