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What does “FDIC” stand for? a. Financial Deposit Institute of Congress b. Financial Deposit Insurance Commission c. Federal Deposit Investigation Council d. Federal Deposit Insurance Corporation

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natashanunez
D, Federal Deposit Insurance Corporation.
JeanaShupp

Answer:  d. Federal Deposit Insurance Corporation

Step-by-step explanation:

The term “FDIC” stands for Federal Deposit Insurance Corporation.

  • The Federal Deposit Insurance Corporation (FDIC) is an self-sufficient federal agency providing deposit insurance to depositors in U.S. commercial banks .
  • The Federal Deposit Insurance Corporation was established to re-institute trust in the American banking system.

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