BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
an independent agency created by the federal government to protect bank customers by insuring their deposits
A
Federal Deposit Insurance Corporation
B
Financial Depository Insurance Company
C
Financial Department of Insurance Corporation
Explanation: 

Detailed explanation-1: -The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system.

Detailed explanation-2: -The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system.

Detailed explanation-3: -The mission of the Federal Deposit Insurance Corporation (FDIC) is to maintain stability and public confidence in the nation’s financial system.

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