Asked by Ethan Calura on Jun 17, 2024
Verified
The main purpose of federal deposit insurance is to _________.
Federal Deposit Insurance
Federal deposit insurance is a protection scheme that guarantees bank deposits, protecting depositors against bank failures by covering the loss of deposits up to a specified limit.
Main Purpose
The primary aim or objective intended to be achieved by a plan, action, or project.
- Interpret the significance of federal deposit insurance.
Verified Answer
CB
Learning Objectives
- Interpret the significance of federal deposit insurance.