Purchase Solution

Federally guaranteed deposit insurance

Not what you're looking for?

Ask Custom Question

By way of example, federally guaranteed deposit insurance did not exist before the Great Depression. Prior to the introduction of federally guaranteed deposit insurance, if a bank failed, depositors were out of luck.

Would we consider the presence today of federally guaranteed deposit insurance to be "a sign of intellectual confusion"?

Purchase this Solution

Solution Summary

Federally guaranteed deposit insurance for the Great Depression is examined.

Solution Preview

It isn't a sign of intellectual confusion but rather an insurance policy on assets. It is the only way the banks could convince customers to come back and deposit their ...

Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.