Question

A regulatory agency that makes sure banks follow federal laws is

a. the FDIC.
b. the FDA.
c. the SEC.
d. the EPA.

Answer 1

A regulatory agency that makes sure banks follow federal laws is...

✔the FDIC.

✖ the FDA.

✖ the SEC.

✖ the EPA.

Answer 2

The correct answer is letter A. The FDIC is a regulatory agency that makes sure banks follow federal laws. FDIC stands for Federal Deposit Insurance Corporation. This agency is responsible for overseeing bank transactions that are happening in different states to ensure that they are all following the policies and regulations that have been set forth by the government.