What does the Federal deposit insurance Corporation FDIC provide deposit insurance for quizlet?
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What did the Federal Deposit Insurance Corporation FDIC insure quizlet?The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures.
What is the main purpose of the FDIC quizlet?What is the main purpose of the FDIC? To protect customer deposits from loss, since they are the main source that FI's use to provide financial services.
Why was the Federal Deposit Insurance Corporation FDIC created quizlet?The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.
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