open - ended question what is the fdic? type your answer here rewatch submit
open - ended question what is the fdic? type your answer here rewatch submit
Answer
Brief Explanations:
The FDIC stands for the Federal Deposit Insurance Corporation. It is a U.S. government - agency that provides deposit insurance to depositors in U.S. banks and savings institutions. This ensures that depositors' money is protected up to a certain amount in case of a bank failure.
Answer:
The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that insures deposits in U.S. banks and savings institutions, protecting depositors' money up to a specified limit in the event of a bank failure.