1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gogolik [260]
3 years ago
6

What is the function of the FDIC?

History
2 answers:
Llana [10]3 years ago
5 0

Answer:

It protects people's money in case a bank folds, is the correct option.

Explanation:

The main job of FDIC is to promote confidence in the banking system by insuring the deposits in financial institutions and monitoring the financial institution's behavior for risk. The FDIC intervenes when an FDIC institution fails.

If an institution fails FDIC takes one of the two steps. The first step is to set up the insured account with a new bank, the second option is that FDIC will issue the depositors  check for the insured amount so as to directly reimburse to the depositor.

liberstina [14]3 years ago
3 0
The third option is the correct answer.
You might be interested in
Question 3
levacccp [35]

Answer:

Depreciate in value, be a weaker currency

Explanation:

Depreciation in value means that it is going down in value. you can buy less for the same amount of money today that you could buy last year for example.

Being a weaker currency means that in comparison to other currencies around the world the weaker one has less value. So today 1 USD is worth 0.77 British pounds, but if reversed then the pound would be a weaker currency.

4 0
3 years ago
How did the Portuguese strategy of building forts instead of permanent colonies affect Portugal's history in Africa ?
JulsSmile [24]
Well, it allowed them to garrison more troops there which led to an increase in slave commerce for the portugesse traders. 
6 0
3 years ago
What role did religion play in the Armenian genocide?
pashok25 [27]
I think that the differences in religion played a large role in the foundation of abuse that the Turks perpetrated upon the Armenians.  With the dominant religion of Armenia as Christianity, the Muslim Turks were able to assert the primacy of their own religion on the subjugated Armenians.  This resulted in many reforms based on religious discrimination that started the pattern of abuse which laid the foundations for the Genocide.  Political and social rights violations...

7 0
3 years ago
Describe the United States' role in carving out spheres of influence in China.
Reptile [31]
C. The United States did not take territory
7 0
3 years ago
Read 2 more answers
What was the difference between England and japan during the industrial revolution
Effectus [21]

Answer:

The difference between England and Japan, during the Industrial Revolution, is given below.

Explanation:

The Industrialization first began in England, which later influenced America and many European nations. Japan, on the other hand, experience the industrial revolution in the later period as they were resistant to it as it was part of the western world. Industrial Revolution in Japan part of the government, where workers worked for years as a part of a contract. England industrialization led by individually where the government had no involvement in it.

4 0
3 years ago
Other questions:
  • How did the transcontinental railroad negatively impact American Indians?
    7·1 answer
  • Why would a totalitarian government be considered to be more efficient than a democratic one
    12·1 answer
  • Why would the united states return seized property to the loyalists
    7·2 answers
  • Andrew Jackson disliked the _______________of the United States long before he became president.
    12·2 answers
  • Why did the Spanish crown create the encomienda system
    14·1 answer
  • WHAT Did a stickle help Egyptians please help I don't know this help me please please please
    6·2 answers
  • Why did Antoine Aimé Dorion oppose to confederation?
    6·1 answer
  • Thomas Jefferson questioned the constitutional right to
    14·2 answers
  • Question 12 WILL GIVE BRAINLIST!!
    6·2 answers
  • Which of the following is the best reason many southerners feared the
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!