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What does 'FDIC' stand for?

Practice Questions

Q1
What does 'FDIC' stand for?
  1. Federal Deposit Insurance Corporation
  2. Financial Development Investment Company
  3. Federal Debt Insurance Company
  4. Financial Deposit Insurance Corporation

Questions & Step-by-Step Solutions

What does 'FDIC' stand for?
Correct Answer: Federal Deposit Insurance Corporation
  • Step 1: Identify the acronym 'FDIC'.
  • Step 2: Understand that 'FDIC' is an abbreviation.
  • Step 3: Research what 'FDIC' represents.
  • Step 4: Find out that 'FDIC' stands for 'Federal Deposit Insurance Corporation'.
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