Which is the government agency that covers customer deposits if a bank fails? the central bank the member bank the Federal Deposit Insurance Corporation (FDIC) the Federal Reserve System

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asked Dec 8, 2021 215k views

5 votes

Which is the government agency that covers customer deposits if a bank fails?

the central bank
the member bank
the Federal Deposit Insurance Corporation (FDIC)
the Federal Reserve System

History
middle-school

Cong Dan Luong asked

by Cong Dan Luong

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2 Answers

3 votes

Answer:

FDIC

Step-by-step explanation:

FDIC covers if a bank fails because they are the next higher-up.

100% on Gradpoint

Linghao Zhu answered Dec 10, 2021

by Linghao Zhu

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2 votes

Answer:

FDIC

Step-by-step explanation:

The FDIC is the one that covers if a bank fails

Nermeen answered Dec 13, 2021

by Nermeen

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