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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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∙ 13y ago
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What act was enacted to protect peoples savings?
The Federal Deposit Insurance Corporation(FDIC) in the 1930's.
This New Deal organization insured individual bank deposits?
FDIC - Federal Deposit Insurance Corporation
What is an example of a government corporation?
Am example of a government corporation is: amtrak Post Office Federal Deposit Insurance Corporation (FDIC)
Federal Deposit Insurance Corporation - where did it come from?
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. It came from the United States of America.
What was the purpose of the federal deposit insurance corporation?
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.
What did the Federal Deposit Insurance Corporation (FDIC) insure?
bank deposit
What is the abbreviation for the Bank Insurance Corporation?
The initials are FDIC for federal deposit insurance corporation.
Which of the following items is not a major component of Social Security?
Private pension plans are not a major component of Social Security, as they are separate retirement benefits provided by employers or purchased individually. Social Security primarily consists of retirement, disability, and survivor benefits funded through payroll taxes.
What dos FDIC stand for?
Federal Deposit Insurance Corporation
What does FDIC stand for in US history?
Federal Deposit Insurance Corporation
What federal corporation that insures money deposited in member banks called?
Federal Deposit Insurance Corporation, FDIC
What exactly is a fdic insurance?
FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.
What do the letters FDIC stand for in relation to a bank?
Federal Deposit Insurance Corporation
What are the FDIC insurance limits for savings accounts?
The FDIC or Federal Deposit Insurance Company is a Federal Government Corporation in the United States that now provide deposit insurance and safety for a depositor's account up to $250,000.
Is a cashiers check insured by the fdic?
It depends on if the bank is a member of the Federal Deposit Insurance Corporation or not. If you get a cashiers check from a bank that is insured by the Federal Deposit Insurance Corporation, then that check is insured.
What is an example of government corporation?
Am example of a government corporation is: amtrak Post Office Federal Deposit Insurance Corporation (FDIC)
New deal program that guarantees bank deposits was?
FDIC - Federal Deposit Insurance Corporation
