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In: Economics

The FDIC was established to protect:

The FDIC was established to protect: A. depositors
B. workers
C. corporations
D. bankers

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Quizzma Team
2025-06-16T03:01:56-04:00Added an answer on June 16, 2025 at 3:01 am
The correct answer is A. depositors.

The Federal Deposit Insurance Corporation (FDIC) was established in 1933 to protect depositors by providing insurance for their deposits in member banks. This was created in response to the widespread bank failures during the Great Depression, ensuring that depositors wouldn’t lose their money if a bank failed. If you have more questions or need further explanation, feel free to ask!
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