Answered

How does the Federal Deposit Insurance Company (FDIC) protect bank customers?
If customers can't pay their bills, the FDIC provides them with short-term loans.
If customers lose their credit cards, the FDIC supplies them with replacements.
If a bank has a financial crisis, the FDIC safeguards its customers' accounts.
If a bank can't supply checkbooks, the FDIC can send them to customers.



Answer :

GinnyAnswer

Final answer:

The FDIC protects bank customers by providing deposit insurance to ensure they do not lose money when a bank fails.


Explanation:

The Federal Deposit Insurance Corporation (FDIC) protects bank customers by providing deposit insurance. When a bank fails, the FDIC arranges for depositors to receive their funds, ensuring they do not lose any money. Banks pay insurance premiums to the FDIC, and the FDIC uses these funds to safeguard customers' deposits.


Learn more about FDIC deposit insurance here:

https://brainly.com/question/31246813


Other Questions