Question

The federal deposit insurance corporation (fdic) is an insurance agency that is supported by the government in the united states.

a. True
b. False

Answer 1

The answer is true

Step-by-step explanation:

I just took the quiz and it is correct

Answer 2

Hi there.

Your answer is: True.

Based on my research for this question, this corporation was formed through the Glass-Steagall Act to prevent banks from failing and was also modeled after the deposit insurance program initially enacted in Massachusetts.

Hope this has come to your aid and best of luck! :3