What is the function of the fdic?
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Federal Deposit Insurance Corporation. The FDIC insures the deposits of bank customers against bank failure. The insurance premium is paid by nationally licensed banks to FDIC and they pay out benefits in the event of a bank going belly up. read more
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It keeps savings and loans from going bankrupt. It prevents big business monopolies and trusts. It protects people's money in case a bank folds. It provides protection for companies that go under. read more
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Q: What is the function of the FDIC?
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What are the Functions of FDIC?
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Who is the FDIC?
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