Deposit insurance is a system in which the government assures that depositors will not lose any money even if their bank goes bankrupt. So option a. is correct.
The deposit insurance fund is a private, industry-sponsored insurance fund that encircles all deposits above the Federal Deposit Insurance Corporation limits at member banks. Any DIF member bank is also a member of the FDIC and is guaranteed by that organization at least $250,000. The two insurers jointly make the guarantee that any member banks have entire deposit insurance on their deposit accounts.
Account holders at banks discern more secure if their deposits are guaranteed, and the Deposit Insurance Fund ensures that they are.
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