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Reil [10]
3 years ago
15

The Federal Deposit Insurance Corporation (FDIC) __________. insures customer deposits if a bank fails insures banks if a borrow

er does not repay the loan insures homeowners against natural disasters all of the above
History
2 answers:
ladessa [460]3 years ago
8 0

Answer:

The Federal Deposit Insurance Corporation (FDIC) insures customer deposits if a bank fails.

Explanation:

The Federal Deposit Insurance Corporation is a federal agency formed as a result of the Great Depression. This agency was created after the approval of the Glass-Steagall Act (1933), and its mission is to guarantee the recovery of depositors' money if a bank goes bankrupt. The FDIC provides money when financial institutions fail, inspiring confidence in banks and customers.

The agency guarantees deposits of up to $ 250,000 in member commercial banks, helping to maintain the solvency of the United States financial system.

JulijaS [17]3 years ago
6 0
The Federal Deposit Insurance Corporation or (FDIC) insures customer deposits in banks up to $250,000 if a bank fails. This provision was put into place to insure confidence in the banking system and to prevent runs on banks in the event that a bank is suspected of failing. 
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