189k views
3 votes
Which of the following best describes the purpose of the federal deposit insurance corparation

1 Answer

3 votes

Answer: 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

Step-by-step explanation:

User Shota
by
5.0k points