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10 March, 16:04

What is the purpose of the Federal Deposit Insurance Corporation (FDIC) ?

A. to make sure that banks do not fail

B. to make sure that customers do not lose money if a bank fails

C. to make sure that banks charge a fair amount of interest on loans

D. to make sure that the government has enough gold to cover its expenses

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Answers (1)
  1. 10 March, 17:28
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    Answer: A

    Explanation: The FDIC's purpose was to provide stability to the economy and the failing banking system.
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