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In one paragraph, describe how the FDIC and SEC continue to affect the lives of US citizens. Use at least two examples to support your description.

Respuesta :

Given that the FDIC is in charge of protecting the money in a bank in case that such bank goes info bankrupt, and that the SEC is a part of the USA government that protects the stock market and its movements, it can be assumed that this agencies are in charge of protecting the money and investments of the citizens. For example, the FDIC is allowed to protect and return up to $250.000 in case that someone is about to lose their money because the bank will go bankrupt. The SEC is the commission that will regulate any inusual behavior in the stock market that could result into a financial crisis.

FDIC and SEC regulate the financial market of the US, which affects citizen's life as they are the ones who have invested their funds.  

FDIC stands for Federal Deposit Insurance Corporation that has the role to protect public deposits through insurance. SEC refers to the Securities and Exchange Commission that has the responsibility to monitor and regulate the financial security market of the US. Therefore, both institutions majorly impact the movements of finance in the market by securing investors' confidence in the process along with maintaining fairness in the financial market.

For example, a standard amount for which FDIC gives insurance protection is $250,000 to every depositor per bank. Similarly, SEC tends to monitor unethical or illegal activities in the financial market in order to prevent financial crises.

Learn more about FDIC and SEC here:

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