Difference between revisions of "Bank"

==Insurance==

==Insurance==

Although banks are not part of the [[government]] (see [[Federal Reserve Bank]]), in every major country accounts with a bank are [[FDIC|insured by the government]] up to a certain amount. The goal, as emphasized in the [[Financial Crisis of 2008]], was to prevent "[[bank run]]s" in which people overnight lose confidence and demand all their deposits back.

Although banks are not part of the [[government]] (see [[Federal Reserve Bank]]), in every major country accounts with a bank are [[FDIC|insured by the government]] up to a certain amount. The goal, as emphasized in the [[Financial Crisis of 2008]], was to prevent "[[bank run]]s" in which people overnight lose confidence and demand all their deposits back.