Question

Which of the following describes a responsibility of the FDIC? to regulate trade on the stock market to limit the losses of bank account holders to reduce the risk of investing in stocks to monitor whether corporations follow the law

Answer 1

Answer:

to limit the losses of bank account holders

Explanation:

The FDIC insures that there is stability in private banking and that banks always are able to ensure that they are able to return money to people that have deposited money in a bank. This was not always the case and if a bank would fail, you would lose all of your money.

Answer 2

Answer:

The answer is (b) to limit the losses of bank account holders, on edge

Explanation:

Just took the quiz and got it right on edge