37. What does the Federal Deposit Insurance Corporation (FDIC) do that changes banking in the U.S.A.?

Name: 37. What Does the Federal Deposit Insurance Corporation (FDIC) Do That Changes Banking in the U.S.A.?
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Question

37. What does the Federal Deposit Insurance Corporation (FDIC) do that changes banking in the U.S.A.?

Answer 1

The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions for at least $250,000. This insurance helps to maintain public confidence and encourage stability in the financial system by protecting depositors from losing their money if a bank fails.

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37. What does the Federal Deposit Insurance Corporation (FDIC) do that changes banking in the U.S.A.?

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