The FDIC does all of the following except
A) conducts bank examinations and audits
B) insures deposits at banks
C) distributes currency to banks
D) deals with bank failures

Question

Quizplus · Accepted Answer

The FDIC (Federal Deposit Insurance Corporation) does not distribute currency to banks. This function is primarily the responsibility of the Federal Reserve System, which acts as the central bank of the United States. The FDIC's main roles include conducting bank examinations and audits, insuring deposits at banks and savings associations, and dealing with bank failures to protect depositors.

The FDIC Does All of the Following Except