The Federal Deposit Insurance Corporation (FDIC) is an independent, quasi-public corporation backed by the full faith and credit of the United States government.

Question

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The FDIC is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions for safety and soundness, and managing receiverships. It is backed by the full faith and credit of the United States government, which means the government guarantees the insurance provided by the FDIC.

The Federal Deposit Insurance Corporation (FDIC) Is an Independent, Quasi-Public