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saw5 [17]
3 years ago
7

What is the main purpose of the FDIC?

Business
2 answers:
Anna11 [10]3 years ago
6 0

Answer: To insure bank deposits

Explanation:

This is a body established by law and charged with the responsibility of providing insurance cover for depositors fund saved in the commercial banks and other financial institutions in the country. It is a body set up with the aims of ensuring that depositors can sleep with their two eyes closed without having to entertain any fear about the safety of their hard earned money which they had saved in the banks.

One of the main functions of commercial banks is to accept deposit from their customers and assist them in keeping the money. Therefore, there may be occasioned whereby banks may go into liquidation or been in a state of distress either due to the mismanagement of the banks by the board of directors of the banks or due to all other factors. FDIC is there to ensure that depositors do not lose all their hard earned money due to the liquidation of the banks concerned in the country by ensuring that they are paid their money.

viva [34]3 years ago
4 0

Answer:

To insure bank deposits.

Explanation:

After the great depression the FDIC was created to insurance bank deposits and to give  stability and security to the financial system

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Why is it important to empathize with your user?
fredd [130]

Answer:

Empathy is important because it awakens our senses as designers.

7 0
3 years ago
Refer to the following selected financial information from Marston Company. Compute the company's accounts receivable turnover f
Artyom0805 [142]

Answer:

The correct option is E

Explanation:

The formula to compute the accounts receivable turnover of the company for the Year 2 is as:

Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable

where

Net Credit Sales be $723,000

And

Average Accounts Receivable is computed as:

Average Accounts Receivable = Accounts receivable Year 1 + Accounts receivable Year 2 / 2

= $86,500 + $82,750 / 2

= $169,250 / 2

= $84,625

Putting the values in the above formula:

= $723,000 / $84,625

= 8.54

5 0
3 years ago
Data concerning Odum Corporation's single product appear below:
Len [333]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit $210.00

Variable expense per unit $92.40

Fixed Expense per month $130,536

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 130,536/ (210 - 92.4)

Break-even point in units= 1,110 units

6 0
3 years ago
A set of values, ideas, attitudes, and norms of behavior that is learned and shared among the members of an organization is refe
Artist 52 [7]

Answer: Corporate culture.

Explanation:

The Corporate culture of a company is the ideas, behavior and values that are shared among workers of that company and it is normally in line with the vision and mission statements of that company. The Corporate culture of an organization is what makes it stand out from other similar Organizations.

6 0
3 years ago
How do changes in consumer income and tastes affect movement of the demand curve?
dezoksy [38]

Answer:

Explanation:

An outward shift in demand will occur if income increases, in the case of a normal good; however, for an inferior good, the demand curve will shift inward noting that the consumer only purchases the good as a result of an income constraint on the purchase of a preferred good.

4 0
3 years ago
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