Federal Deposit Insurance Corporation (FDIC)
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FDIC today
***Up to $250,000 insured
Premiums
Low-cost items given to consumers at a discount or for free ***Determine $100 deposits
What is the FDIC?
Federal Deposit Insurance Corporation (FDIC)-this act insured bank deposits up to $5, 000.
FDIC Act 1935
Gave the FDIC the power to examine banks and take necessary action
Solvency
The ability of a company to pay interest as it comes due and to repay the balance of debt due at its maturity
Preserves and promotes public confidence in the US financial system
What is the FDIC?
