Noli186idn
Answered

IDNLearn.com is your go-to platform for finding accurate and reliable answers. Ask anything and get well-informed, reliable answers from our knowledgeable community members.

The Federal Deposit Insurance Corporation (FDIC) __________. insures customer deposits if a bank fails insures banks if a borrower does not repay the loan insures homeowners against natural disasters all of the above

Sagot :

Gibbsidn
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. 
Francocanacariidn

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.

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Thank you for choosing IDNLearn.com. We’re committed to providing accurate answers, so visit us again soon.