Question

The Federal Deposit Insurance Corporation A. is part of the Federal Reserve System. B. has become insolvent in recent years due to a large number of bank failures. C. in practice has seldom been of much use. D. protects depositors in the event of bank failures.

Answer 1

D. protects depositors in the event of bank failures

Step-by-step explanation:

Answer 2

D

Step-by-step explanation:

Due to mismanagement of depositor's funds the government established the institution for protect depositor fund.