What is the purpose of the federal deposit insurance corporation? a. to keep banks on the gold standard b. to protect depositors from the loss c. to charter state banks

Question

History

Anabel Alvarez

6 May, 17:58

What is the purpose of the federal deposit insurance corporation? a. to keep banks on the gold standard b. to protect depositors from the loss c. to charter state banks

+2

Answers (1)

Know the Answer?

Jayden Khan · Answer 1

The primary purpose of the federal deposit insurance corporation is to "protect depositors from the loss". This also inspires confidence in the economy as a whole.