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QuizMultiple Choice

Goals and Policies of the New Deal — Quiz

Question 1 • US History

Which of these describes a responsibility of the FDIC?

Answer
A
to limit the losses of bank account holders
B
to monitor whether corporations follow the law
C
to regulate trade on the stock market
D
to reduce the risk of investing in stocks

Explanation

The FDIC insures deposits at member banks, protecting account holders up to the coverage limit if a bank fails. This helps limit depositors’ losses. Monitoring corporate compliance and regulating stock-market trading are not FDIC responsibilities, and the FDIC does not reduce the risk of investing in stocks.

AI-written and checked against the verified answer.

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