Question

Which is the government agency that covers customer deposits if a bank fails?
the central bank
the member bank
the Federal Deposit Insurance Corporation (FDIC)
the Federal Reserve System​

Answer 1

Answer:

FDIC

Explanation:

The FDIC is the one that covers if a bank fails

Answer 2

Answer:

FDIC

Explanation:

FDIC covers if a bank fails because they are the next higher-up.

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