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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.
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.
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.
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.
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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