Question

What is the main function of the Federal Deposit Insurance Corporation?

A- Assisting banks in Recovering unpaid loans
B- Providing monetary aid to struggling banks
C- Guaranteeing job security for bank employees
D-Protecting personal savings in the event of bank failure

Answer 1

A is the answer.
I think

Answer 2

Assisting banks in recovering unpaid loans is the main function of the Federal Deposit Insurance Corporation.

Option A

Explanation:

• The 'Federal Deposit Insurance Corporation' is at present classified as a "mixed ownership Government corporation" by 'section 201' of the governance Corporation Control Act and, for this reason, is not subjected to the budget provisions of the act.
• Its purpose is to provide stability to the economy.
• The budget provisions given here apply only to the "wholly owned Government corporations" listed in section 101.

Learn more about Federal Deposit Insurance Corporation:

A major purpose of the FDIC (Federal Deposit Insurance Corporation) during the 1930s was to A) limit government borrowing. B) break up banking monopolies. C) create jobs for the unemployed. D) strengthen consumer confidence in the banking system

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