108
QuizMultiple Choice

Topic Test

Question 108 • 26-27 Ignite Technical Math-Financial Math - MA2007

What does “FDIC” stand for?

Answer
A
Financial Deposit Institute of Congress
B
Financial Deposit Insurance Commission
C
Federal Deposit Investigation Council
D
Federal Deposit Insurance Corporation

Explanation

FDIC stands for Federal Deposit Insurance Corporation. It is a U.S. government agency that insures deposits at participating banks. Therefore, the correct choice is Federal Deposit Insurance Corporation.

AI-written and checked against the verified answer.

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