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OpenStudy (anonymous):
what is the purpose of the federal deposit insurance corporation? a. to keep banks on the gold standard b. to protect depositors from the loss c. to charter state banks
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OpenStudy (paki):
what u guess here about the answer...?
OpenStudy (anonymous):
i guess B
OpenStudy (paki):
Since the FDIC's creation in 1933, no depositor has ever lost even one penny of FDIC-insured deposits. 2. What is the Purpose of FDIC Deposit Insurance? The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution.
OpenStudy (anonymous):
so i was right @paki
OpenStudy (paki):
yeah, u were correct...
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