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What is the full form of "FDIC"? - Practice (Bengali) - ObjectiveMcq

HomePracticeAbbreviationsBasicsWhat is the full form of "FDIC"?...

Basics AbbreviationsMedium

What is the full form of "FDIC"?

Correct Answer: D — Federal Deposit Insurance Corporation

Explanation:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receivership.

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