Question

question 10 of 10
the government created the federal deposit insurance corporation (fdic):
a. to insure corporations and protect their board of directors.
b. to provide protection for peoples bank deposits.
c. to provide protection against predatory lenders.
d. to insure banks against fraud and identity theft.

Explanation:

The FDIC is a U.S. government agency established to insure individual bank deposits (up to a set limit) to maintain public confidence in the banking system and protect consumers from losing their savings if a bank fails. The other options do not align with its core purpose.

Answer:

B. to provide protection for peoples' bank deposits.