Question

What government agency protects consumers in case a bank fails by insuring the

first $100,000 in savings a person has with the bank?
The Food and Drug Administration (FDA)
The Securities Exchange Commission (SEC)
The Federal Deposit Insurance Corporation (FDIC)
The Federal Trade Commission (FTC)

Answer 1

The Federal Deposit Insurance Corporation (FDIC)

Step-by-step explanation:

The FDIC was created by congress in case the banks failed.