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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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C. Understand that the opportunity cost of attending college is very high.

Explanation:

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       Overall, the answer could be deduced from the defenitions of those terms.

We can surely exclude green washing, which basically means that the product is sold under "eco", "green" label, when it is not. Puffery is a legal practise, which can not be proven to be true or false; which is clearly not the case in this example.

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