1. (02.03 lc)\nwhat is the role of the federal deposit insurance corporation? (10 points)\nit adjusts the…

1. (02.03 lc)\nwhat is the role of the federal deposit insurance corporation? (10 points)\nit adjusts the interest rates for loans.\nit ensures all financial institutions follow banking laws.\nit protects up to $250,000 of customer deposits.\nit regulates the business practices of stockbrokers.

1. (02.03 lc)\nwhat is the role of the federal deposit insurance corporation? (10 points)\nit adjusts the interest rates for loans.\nit ensures all financial institutions follow banking laws.\nit protects up to $250,000 of customer deposits.\nit regulates the business practices of stockbrokers.

Answer

Brief Explanations:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government. Its main role is to protect depositors. In case a bank fails, the FDIC ensures that depositors' money (up to a certain limit) is safe. The limit for standard deposit insurance is $250,000 per depositor, per insured bank, for each account ownership category.

Answer:

It protects up to $250,000 of customer deposits.