Question

What is the role of the Federal Deposit Insurance Corporation (FDIC)? *

a. To monitor the investments of banks.
b. To provide social insurance for the elderly.
c. To insure bank depositors against bank collapse.
d. All of the above.

Answer 1

The primary role of the Federal Deposit Insurance Corporation (FDIC) is "c. To insure bank depositors against bank collapse," since this instills a sense of confidence in the banking industry.