study guides for every class

that actually explain what's on your next test

Federal Deposit Insurance Corporation (FDIC)

from class:

Intro to Business

Definition

The FDIC is a U.S. government agency that protects depositors by insuring deposits at banks and savings associations up to $250,000 per depositor, per insured bank, for each account ownership category. It also supervises financial institutions for safety and consumer protection.

congrats on reading the definition of Federal Deposit Insurance Corporation (FDIC). now let's actually learn it.

ok, let's learn stuff

"Federal Deposit Insurance Corporation (FDIC)" also found in:

© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
Glossary
Guides