ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NBUA
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FDIC
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FEDI
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NYIC
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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: -What is the FDIC? The FDIC-short for the Federal Deposit Insurance Corporation-is an independent agency of the United States government. The FDIC protects depositors of insured banks located in the United States against the loss of their deposits if an insured bank fails.
Detailed explanation-3: -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-4: -The FDIC insures trillions of dollars of deposits in U.S. banks and thrifts-deposits in virtually every bank and savings association in the country.