Multiple Choice
The Federal Deposit Insurance Corporation (FDIC) ________.
A) is an agency, created by the Glass-Steagall Act ,that monitors banks on a regular basis to ensure that they were safe and sound
B) is an agency that monitors business combinations between commercial banks, investment banks, and insurance companies
C) guarantees individuals will not lose any money held at any type of financial institution that fails
D) guarantees individuals will not lose any money, up to a specified amount, held at any type of financial institution that fails
Correct Answer:
Verified
Correct Answer:
Verified
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