Why is the relationship between the FDIC and the Fed?

(1 point)
Responses

The Fed helps the FDIC insure banks.

The Fed helps the FDIC insure banks.

The FDIC prints the money that the Fed issues.

The FDIC prints the money that the Fed issues.

The FDIC can challenge the interest rates the Fed sets.

The FDIC can challenge the interest rates the Fed sets.

The Fed limits how much the FDIC can invest in banks.

1 answer

The correct response is:

The Fed helps the FDIC insure banks.

The Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) work together to ensure financial stability and protect depositors. The Fed plays a role in providing information and support to the FDIC in its insurance efforts.