When banks get robbed, how does the bank get the money back?

Question

When banks get robbed, how does the bank get the money back?

In: Economics

Answer 1

In the US, there’s a federal program that insures all bank deposits called the FDIC. It was the run on banks following the stock market crash of 1929 that actually triggered the Great Depression so we realized how important consumer confidence in their money being safe in banks was to the economic functioning of the countryand the FDIC was created