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True or False? Government regulations improve the safety of the financial system thereby making banks more efficient.The Federal Deposit Insurance Corporation (FDIC) and Federal Reserve

True or False? Government regulations improve the safety of the financial system thereby making banks more efficient.The Federal Deposit Insurance Corporation (FDIC) and Federal Reserve System (Fed) help to minimize the detrimental effects of banking panics. In this respect, the FDIC provides deposit insurance coverage to reduce incentives for depositors to run in the first place, whereas the Fed

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