answersLogoWhite

0


Best Answer

FDIC stands for Federal Deposit Insurance Corporation. The purpose of this is to provide "Deposit Insurance" which guarantees the safety of cash deposited in its member banks, currently up to US $ 250,000 per depositor per bank. Currently FDIC insures deposits at more than 7500 institutions in the USA. This is to ensure that customers do not lose out their hard earned money in case of bank failures or bankruptcy.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the FDIC and why would it increase the confidence of those looking to put there money in a bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How you will increase your salary?

Salary is the thing that everyone wants to raise it, right? I don't say that decrease your expenses but I strongly recommend that increase your saving from your current income. Now, It's not done that money kept in the bank but money makes money. So, start investing those money in other fields, e.g. stock, real estate(if more savings you have), Insurance etc... In short, RIGHT INVESTMENT IN RIGHT PLACE AT RIGHT TIME.....


Loan Me a Few Dollars?

Those who are in need of getting a loan should turn to their bank. The banks are money centers that can really help out those who are in serious need of being able to get a loan. Remember, the bank is the greatest lender for those who need to purchase something large such as a home or a car. When you are looking to purchase something like this, you are probably not going to have the money that is required to be able to purchase the thing outright. Therefore, you are going to want to take out a loan with the bank in order to get the funds required.


Where to invest money?

Cemetry plots are emerging as the hottest investment this year. The price of burial plots is increasing by over 30% this year in London. Everyone might not be interested but it can provide an alternative investment for those looking for fixed investments.


Where Nestle wants to stand after 10 years?

Currently, Nestle is investing heavily in the markets of Asia and Middle East and it is investing heavily to become market leader or monopolists in those markets. Nestle is looking to heavily increase in Asian countries until the next decade.


What is a personal loan lender?

A personal loan lender is a a company that matches those looking for a loan with those looking to make an investment. One can fill in an application at an online site and receive a quote back very quickly.

Related questions

How much money does a plane cost?

This depends on what aircraft we are looking at. If you are looking at Cessna 152 you can buy those for around $100,000.00. However, if you are looking at a Boeing 747-400 those are over 250,000,000.00.


Why did northerner industrialists favor protective tariff's?

To reduce competition from foreign grain producers. Northern America industrialists increase the demand for American. This is for manufactured goods.


When consumers get more money they tend to substitute normal goods for what kind of goods?

Superior goods are those which experience increased consumption as incomes increase.


What is the state left of Alabama?

Mississippi . . . for those looking northward. Florida or Georgia . . . for those looking Gulf-ward. Tennessee . . . for those looking eastward. The nation states Cuba, Mexico, and Honduras . . . for those looking westward.


What foods help increase ones metabolism?

HGG injections are a great way to increase your metabolism when you are looking to lose weight rapidly. These extreme measures aren't for everyone, however for those serious about weight loss, they work quite well.


Is there an increase or a decrease in those who need help with food for Thanksgiving?

increase


If someone were looking for forensics software what might they be looking to do?

Typically those looking for forensics software are those looking to analyze data. It is primarily used by those in the law enforcement industry to help convict criminals.


Why did industrialist favor protective tariffs?

It would increase the demand for American manufactured goods. Tariffs would also increase the money generated by the sale of those goods.


Why might someone be looking to buy a designjet?

Those looking to buy a Design jet printer can be looking to print professional style photos, to print a families Christmas cards, to print coupons to help save money or it can be used to print stencils for crafts.


Does globalization increase inequality?

Yes and no. Globalization can create employment in developing nations providing more pay and a higher standard of living than previously existed. On the other hand, the low wages and lack of benefits paid to those workers can dramatically increase profits for the owners of capital and factories leading to a wider gap between their wealth and the wealth of workers.


How you will increase your salary?

Salary is the thing that everyone wants to raise it, right? I don't say that decrease your expenses but I strongly recommend that increase your saving from your current income. Now, It's not done that money kept in the bank but money makes money. So, start investing those money in other fields, e.g. stock, real estate(if more savings you have), Insurance etc... In short, RIGHT INVESTMENT IN RIGHT PLACE AT RIGHT TIME.....


Where can a person find advice regarding fixing their credit?

The My Money Coach website is a great interactive website for those who are interested in fixing their credit. They provide advice, answer questions and offer products for those looking to improve their credit.