what is the purpose of the federal deposit insurance corporation? a. to keep banks on the gold standard b. to protect depositors

Question

storchak [24]

3 years ago

10

what is the purpose of the federal deposit insurance corporation? a. to keep banks on the gold standard b. to protect depositors

from the loss c. to charter state banks

History

1 answer:

Sedbober [7] · Answer 1 · 2022-06-22T06:41:43+03:00

Sedbober [7]3 years ago

6 0

The primary purpose of the federal deposit insurance corporation is to "protect depositors from the loss". This also inspires confidence in the economy as a whole.