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5 votes
What does the Federal Deposit Insurance Corporation do? 

A. Insures people's investments in the stock market   B. Insures deposits in banks   C. Insures corporations against business failure   D. Insures banks so they can invest in the stock market

asked
User Shmulik
by
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2 Answers

1 vote
Sorry, this is late...
But I believe that would be B. Insures deposits in banks.
Please correct me if I am wrong--
answered
User Markharrop
by
8.2k points
3 votes

Answer:

B. Insures deposits in banks

Step-by-step explanation:

In order for people to trust the bank deposits and to promote and encourage people to trust the financial system of the United States of America, the Federal Deposit insurance Corporation, warantees the security and payability of deposits up to $250,000 US dollars, when a bank or financial institution fails, this in order to create confidence and calmness in the public when banks and other financial institutions go to bankrupcy or fail to pay the deposits.

answered
User Andrei Todorut
by
8.0k points

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