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