THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assisting banks in recovering unpaid loans
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Providing monetary aid to struggling banks
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Guaranteeing job security for bank employees
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Protecting personal savings in the event of bank failure
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Detailed explanation-1: -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-2: -The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.
Detailed explanation-3: -What does FDIC do to ensure banks protect my deposits? The FDIC directly examines and supervises nearly 3, 500 financial institutions. Our examiners check for operational safety and soundness of more than half of the institutions in the U.S. banking system.
Detailed explanation-4: -The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.