abbyyyyyy32
Answered

What is the function of the FDIC?

It keeps savings and loans from going bankrupt.

It prevents big business monopolies and trusts.

It protects people's money in case a bank folds.

It provides protection for companies that go under.

Verified Answer :

Strawman

The answer is C)It protects peoples money in case a bank folds.



amniotecardamom

The third answer is correct (C).

The Federal Deposit Insurance Corporation (FDIC) is an agency that seeks to ensure that US deposits in commercial banks have a minimum guarantee in cases of crisis and bankruptcy, as occurred during the Great Depression, when many citizens were harmed.

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