2) How does the Federal Deposit Insurance Corporation (FDI) continue to affect U.S. citizens?
A) By regulating loans made to investors who buy stocks on margin
B) By changing interest rates to prevent people from paying higher prices for goods
By providing financial assistance to elderly people who are retired
D).By protecting the savings of bank customers during an economic crisis

Question

28-11-2021
Social Studies

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2) How does the Federal Deposit Insurance Corporation (FDI) continue to affect U.S. citizens?
A) By regulating loans made to investors who buy stocks on margin
B) By changing interest rates to prevent people from paying higher prices for goods
By providing financial assistance to elderly people who are retired
D).By protecting the savings of bank customers during an economic crisis

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-05-27T16:28:07+02:00

The FDI corporation affects the US citizens by protecting the savings amount of account holders in the banks in times of economic crisis.

Option D is the correct answer.

Who are depositors?

Depositors are the individuals who have deposited their savings in their respective bank accounts.

FDI stands for Federal Deposit Insurance Corporation which has established in the year 1993. It was set up during the times of the Great Depression in the US country basically to protect the amounts of depositors deposited in the accounts of various banks. Whenever the bank fails to return the depositor's amounts, then those money has been reimbursed by FDI.

Therefore, the effect of FDI on citizens of the US country is to safeguard their savings of them, especially in an economic crisis.

Learn more about the FDI corporation in the related link:

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