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.
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.
The Kansas Nebraska act was made because the current states couldn't decide if new states coming into the union should be free states or slave states. The Kansas-Nebraska act set up Kansas and Nebraska as states and allowed them to vote on the issue.
