ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal Debit Investment Corporation
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Federal Deposit Incorporated Committee
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Federal Deposit Insurance Corporation
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Federal Debt Insolvency Corporation
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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: -FDIC: Federal Deposit Insurance Corporation. The .gov means it’s official.
Detailed explanation-3: -The FDIC protects the money depositors place in insured banks in the unlikely event of an insured-bank failure. Each depositor is insured to at least $250, 000 per insured bank. FDIC deposit insurance covers all types of deposits held at an insured bank.
Detailed explanation-4: -The Federal Deposit Insurance Corporation has served as an integral part of the nation’s financial system for 50 years. Established by the Banking Act of 1933 at the depth of the most severe banking crisis in the nation’s history, its immediate contribution was the restoration of public confidence in banks.
Detailed explanation-5: -Federal Deposit Insurance Corporation (FDIC) An independent deposit insurance agency created by Congress in 1933 to maintain stability and public confidence in the nation’s banking system. The FDIC identifies, monitors and addresses risks to the deposit insurance funds.