FDIC explained...(in less than a minute)
1:00
YouTubePatrick E. Wynne
FDIC explained...(in less than a minute)
The FDIC, or Federal Deposit Insurance Corporation, was created in 1933 to ensure that people's money in US banks is safe and to prevent bank closures from rattling the US economy. For every $100 deposited, banks must put a few cents into the FDIC's Deposit Insurance Fund, which is used to reimburse depositors if their bank fails, up to a ...
2.2K viewsMar 21, 2023
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