Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Which statement best explains the purpose of the Federal Deposit Insurance Commission (FDIC)? to assist operations of savings and loan associations to educate the public on trading, borrowing, and investing to ensure that banks do not fail during an economic crisis to provide startup loans and grants to new banks

Sagot :

"to ensure that banks do not fail during an economic crisis" The FDIC was set up to inspire confidence in the banking system. Until the FDIC, someone could lose their money if the bank closed. With the FDIC, even if the bank closes, the person's money is insured by the Federal Government.
janyspelaez

Answer: to ensure that banks do not fail during an economic crisis

Explanation: The Federal Deposit Insurance Commission (FDIC) was created in 1933 to ensure that banks do not fail during an economic crisis. Essentially, the FDIC guarantees funds on deposits to member banks.

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.