Asked by Lynette Madison on Jul 02, 2024
Verified
Deregulation of banks and other depository institutions allowed the FDIC to open bank branches of its own.
Deregulation
The process of reducing or eliminating government controls and restrictions in an industry to enhance efficiency and competition.
FDIC
The Federal Deposit Insurance Corporation, a U.S. government agency that provides insurance protection to depositors in US banks.
- Gain insight into how the banking sector and economic condition are impacted by financial instruments and regulatory reforms.
Verified Answer
MM
Maddy Morris6 days ago
Final Answer :
False
Explanation :
Deregulation of banks did not allow the FDIC to open bank branches of its own. The FDIC is a government agency that provides insurance for deposits in banks and depository institutions. It does not operate its own bank branches.
Learning Objectives
- Gain insight into how the banking sector and economic condition are impacted by financial instruments and regulatory reforms.