I would argue that, yes, it is okay to expect your average person not to understand the law. Of course, it would be great if everyone understood everything (laws, in this case) but that's not feasible.
The FDIC being in place means the average consumer does not have to understand nor think about the economics of a bank, for example, that by depositing money into a bank you are a creditor to that bank.
The FDIC being in place means the average consumer does not have to understand nor think about the economics of a bank, for example, that by depositing money into a bank you are a creditor to that bank.