How safe is your money at the bank? When you go to the bank, the FDIC (the

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How safe is your money at the bank? When you go to the bank, the FDIC (the Federal Deposit Insurance Corporation) guarantees $250,000 per depositor. Why was the FDIC formed and for what reason? Why is the FDIC so important to banking? To the consumer? What are the current developments in the FDIC? Explain.