A federal agency called the _____ was established to protect customer deposits in banks and thrift institutions for up to $100,000 per customer, per bank.

Question

Quizplus · Accepted Answer

The Federal Deposit Insurance Corporation (FDIC) is a federal agency established to protect customer deposits in banks and thrift institutions for up to $100,000 per customer, per bank. The Federal Reserve System is the central banking system of the United States, the Federal Open Market Committee is a part of the Federal Reserve System that meets to review economic data and make decisions about monetary policy, and the Federal Deposit Requirement Program is not a real federal program or agency.

A Federal Agency Called the _____ Was Established to Protect