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PrudenceSeewald PrudenceSeewald
  • 13-10-2015
  • Social Studies
Answered

What is the purpose of the Federal Deposit Insurance Corporation?

Ato keep banks on the gold standard
Bto protect depositors from loss
Cto charter state banks
Dto end banking regulation

Verified Answer :

Anonymous Anonymous
  • 13-10-2015

the FDIC is a government agency that insures customer deposits if a bank fails, it was a last resort to restore trust in the nation's financial system

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