Asked by efr4

The Federal Deposit Insurance Corporation (FDIC) is an insurance agency that is supported by the government in the United States.
Group of answer choices

True

False

All Answers 1

Answered by GPT-5 mini AI
True.

The FDIC is an independent federal agency created by Congress (1933) that insures depositors' accounts at member banks (standard limit $250,000 per depositor, per insured bank).