Question

What does the FDIC do? A. Provides insurance on money in bank accounts B. Regulates national interest rates C. Prints currency D. Provides bank account information to customers Please select the best answer from the choices provided A B C D

Answer 1

The correct option is A.
FDIC stands for Federal Deposit Insurance Corporation. The organisation provides deposit insurance to depositors in the US banks. It works to promote and preserve the confidence of the public in the US financial system by insuring deposits in banks and thrift institutions.