Final answer:
The Federal Trade Commission (FTC) is a federal agency created in 1914 to enforce antitrust legislation and other measures designed to prevent monopolies and unfair business practices. It also defends consumers from fraud and deceptive business practices.
Step-by-step explanation:
The Federal Trade Commission (FTC) is a federal agency created in 1914 to enforce antitrust legislation and other measures designed to prevent monopolies and unfair business practices. It also seeks to defend consumers from fraud and deceptive business practices. The FTC is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. It pursues vigorous and effective law enforcement, advances consumers' interests, develops policy and research tools, and creates educational programs for consumers and businesses.