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Questions and Answers
The Federal Deposit Insurance Corporation (FDIC) is an ______ agency created by Congress to maintain stability and public confidence in the U.S. financial system.
independent
The FDIC supervises and examines ______ to ensure that the money they handle is safe.
banks
The insurance maximum is $250,000 per depositor, per insured bank, for each ______ ownership category.
account
If you open a deposit in an FDIC-insured ______, you are automatically covered.
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Study Notes
FDIC Overview
- The FDIC is a federal agency created by Congress to maintain stability and public confidence in the U.S. financial system.
FDIC Role and Responsibilities
- The FDIC supervises and examines banks to ensure that the money they handle is safe.
Deposit Insurance
- The insurance maximum is $250,000 per depositor, per insured bank, for each ownership category.
- If you open a deposit in an FDIC-insured bank, you are automatically covered.
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Description
Test your knowledge on the FDIC and its role in protecting your money. Discover how the FDIC maintains stability in the U.S. financial system and ensures the safety of your bank deposits. Learn about the insurance coverage provided and the maximum limits per depositor and account category.
