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What is the function of the FDIC?

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Answer:

Federal Deposit Insurance Corporation

Step-by-step explanation:

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. 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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User Nishant B
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