Which of the Following Is True of the FDIC

question 72

Multiple Choice

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.

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Definitions:

Debt Relief

A measure or a set of measures aimed at reducing or restructuring the debt of an individual, corporation, or nation to alleviate financial burden.

Foreign Aid

Economic, technical, or military assistance given by one country to another for the purpose of relief and rehabilitation, economic stabilization, or mutual defense.

Foreign Aid

Financial assistance provided by one country to another, often for development projects, humanitarian aid, or economic stabilization.

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery or the misuse of authority for personal gain.