The Federal Deposit Insurance Corporation (FDIC) is an agency that monitors comb

Question

The Federal Deposit Insurance Corporation (FDIC) is an agency that monitors combinations between commercial banks, investment bank, and insurance companies guarantees individual will not lose any money held at any type of financial institution that fails is an agency, created by the Glass -Steagall Act, that monitors banks on a regular basis to ensure that they were safe and sound Guarantees individual will not lose any money, up to a specified amount, held at any type of financial institution that fails.

Explanation / Answer

Ans-B.

Explanation-It's an agency which ensures that individual will not loss from their deposit to any financial institution.

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