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What is the role of the Federal Deposit Insurance Corporation?
1. It adjusts the interest rates for loans.
2. It ensures all financial institutions follow banking laws.
3. It protects up to $250,000 of customer deposits.
4. It regulates the business practices of stockbrokers.

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Answer:

3. It protects up to $250,000 of customer deposits.

Explanation:

Protection of customers deposit as become a necessity due to the bank failure that led to lost of savings by a lot of customers.

The Federal Deposit Insurance Corporation is saddled with the responsibility of protecting customers savings in the event of liquidation of banks and to ensure that no customer suffer loss.

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