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Which statement best explains the purpose of the Federal Deposit Insurance Commission (FDIC)?
Wiki User
∙ 9y ago
to ensure that banks do not fail during an economic crisis
Wiki User
∙ 9y ago
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When was Federal Deposit Insurance Corporation created?
Federal Deposit Insurance Corporation was created in 1933.
Why was the Federal Deposit Insurance Corporation created?
It provides deposit insurance which guarantees the safety of checking and savings deposits in member banks, currently up to $100,000 per depositor per bank.
Which act established the federal deposit insurance corporation?
Glass-Steagall Banking Act
Congress created the federal deposit insurance corporation in order to do what?
protect peoples savings accounts
What act was enacted to protect peoples savings?
The Federal Deposit Insurance Corporation(FDIC) in the 1930's.
When was Deposit Insurance Agency of Russia created?
Deposit Insurance Agency of Russia was created in 2004.
When was Canada Deposit Insurance Corporation created?
Canada Deposit Insurance Corporation was created in 1967.
When was Nigeria Deposit Insurance Corporation created?
Nigeria Deposit Insurance Corporation was created in 1988.
When was Federal Deposit Insurance Corporation created?
Federal Deposit Insurance Corporation was created in 1933.
Do you get paid commissions on the whole sale or the deposit?
What are you selling? If it's Insurance you get to keep the first month's payment. Most sales jobs pay on a commission for the total amount of the sale.
What has the author Rita Carisano written?
Rita Carisano has written: 'Deposit insurance' -- subject(s): Deposit insurance
How much money can you deposit in the federal deposit insurance corporation?
None
What did the Federal Deposit Insurance Corporation (FDIC) insure?
bank deposit
Is National Penn Bank protected by some kind of deposit insurance?
National Penn Bank is protected by a deposit insurance by the government. The insurance is known as FDIC.
What has the author G G Garcia written?
G. G Garcia has written: 'Deposit insurance' -- subject(s): Deposit insurance
When did the Federal Deposit Insurance Corporation Improvement Act pass?
The Federal Deposit Insurance Corporation Improvement Act passed in 1991
What is a deposit not recorded on the bank statement?
Net Loss
