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23-09-2019
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Which federal agency insures savings deposits? A. The Consumer Product Safety Commission B. The Federal Deposit Insurance Corporation C. The Securities and Exchange Commission D. The Savings Deposit Agency

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Kristiania Kristiania

26-09-2019

Answer:

B. The Federal Deposit Insurance Corporation

Explanation:

The Federal Deposit Insurance Corporation ( FDIC )-

It is the independent federal agency , which insures the deposits in the U.S. banks .

FDIC , was formed in the year 1933 , in order to maintain the confidence of the public and to encourage the stability of the financial system via the promotion of the sound banking practice .

Hence , the federal agency insures the savings deposits in FDIC .

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