What is the purpose of the Federal Deposit Insurance Corporation (FDIC)?

History

2 answers:

CaHeK987 [17]3 years ago

8 0

<span>to make sure that banks charge a fair amount of interest on loans</span>

pantera1 [17]3 years ago

8 0

The purpose of the Federal Deposit Insurance Corporation (FDIC) is to make sure that customers do not lose money if a bank fails. Option C is correct.

The objective of the Federal Deposit Insurance Corporation (FDIC) is to provide stability to U.S. banks and depositors in order to prevent a banking panic. The FDIC pledges that if a bank shuts down, depositors will still be paid, so that people will not be concern that their money will disappear.

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