SIE Exam Practice Question 910
Question: 910
Which of the following preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks by identifying, monitoring, and addressing risks to the deposit insurance funds; and by limiting the effect on the economy when a financial institution fails?
Correct Answer: A
Explanation:
The FDIC preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks by identifying, monitoring, and addressing risks to the deposit insurance funds; and by limiting the effect on the economy when a financial institution fails.
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