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7. Why was the Federal Deposit Insurance Corporation (FDIC) created?

- It was created to maintain financial stability in the U.S.

8. Your car broke down and it's time to get a new one. You've found just the right one to fit your needs, but you want to be sure you are making a good financial decision, so you ask the lender for an amortization table. What key pieces of information will you be able to see in the amortization table to help you make your decision?

Category
- Does Not Meet Expectations (0-59)
- Emerging Expectations (60-75)
- Meets Expectations (76-89)
- Exceeds Expectations (90-100)

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GinnyAnsweridn

Final answer:

The FDIC protects depositors' money, amortization tables show loan details, and depository institutions offer savings options.


Explanation:

The Federal Deposit Insurance Corporation (FDIC) was created to insure depositors' money in banks, protecting their savings up to $250,000 per account in case of bank insolvency. FDIC helps prevent bank runs and ensures confidence in the banking system.

When requesting an amortization table from a lender for a car loan, key pieces of information you will see include the breakdown of principal and interest payments over the loan term, total interest paid, and remaining balance at each payment period.

Depository institutions besides banks include credit unions and savings and loan associations, where individuals can deposit money and receive interest on their savings.


Learn more about Federal Deposit Insurance Corporation (FDIC) here:

https://brainly.com/question/30711963


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