Question

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


to make sure that banks do not fail

to make sure that banks charge a fair amount of interest on loans

to make sure that customers do not lose money if a bank fails

to make sure that the government has enough gold to cover its expenses

Answer 1

to make sure that banks charge a fair amount of interest on loans

Answer 2

The purpose of the Federal Deposit Insurance Corporation (FDIC) is to make sure that customers do not lose money if a bank fails. Option C is correct.

The objective of the Federal Deposit Insurance Corporation (FDIC) is to provide stability to U.S. banks and depositors in order to prevent a banking panic.  The FDIC pledges that if a bank shuts down, depositors will still be paid, so that people will not be concern that their money will disappear.