Which of the Following Represent an Independent Agency of the U.S

question 273

Multiple Choice

Which of the following represent an independent agency of the U.S. government that insures bank deposits?

• A) National Deposit Assurance Cooperative
• B) Federal Deposit Insurance Corporation
• C) Insurance Corporation of America
• D) Deposit Protection Fund

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Definitions:

Formal Authority

The power granted to an individual or organization by virtue of position or role, allowing them to make decisions and enforce rules.

Coping With Uncertainty

The methods and strategies individuals or organizations employ to manage and adapt to situations where outcomes are unpredictable or unknown.

Prevention

Actions or measures taken to stop something undesirable from happening, such as illness, error, or conflict.

Substitution

The act of replacing one element or factor with another, often in economic, mathematical, or chemical contexts.