Question

Which of the following best describes the role of the Federal Deposit Insurance Corporation today?

A. It helps unemployed Americans find jobs.
B. It regulates risky investment behavior in the stock market.
C. It protects Americans in the event of bank failures.
D. It provides financial aid to elderly Americans.

Answer 1

The following best describes the role of the Federal Deposit Insurance Corporation today is :

C. It protects Americans in the event of bank failures.

Answer 2

The correct answer is C. The Federal Deposit Insurance Corporation protects Americans in the event of bank failures, as the agency guarantees deposits of up to $250.000 in member commercial banks, helping to maintain the solvency of the United States financial system and allowing depositors not to worry about their money.