Which of the following is true of the FDIC?
A) It controls the operations of all commercial banks in the U.S.
B) It exists only in the countries of North America and Europe.
C) It covers depositors against losses up to $500, 000 in a bank account.
D) It is a federal agency that insures bank deposits in commercial banks.
E) It is a financial institution that uses cost-plus pricing.
Correct Answer:
Verified
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