Question
Ix Securities and Exchange Commission (SEC) - Federal Trade Commission (FTC) - National Credit Union Association (NCUA) - Federal Deposit Insuranc Corporation (FDIC) The U.S. government contains numerous agencies to enforce laws protect rights. What statement best describes the overall purpose of the group of agencies listed here? A They ensure business and banks pay fair tax rates. B They regulate immigration and protect new citizens. C They are all established to protect American consumers. D They advocate equal education for all American children.
Answer
4.1
(205 Votes)
Amy
Master · Tutor for 5 years
Answer
C They are all established to protect American consumers.
Explanation
The Securities and Exchange Commission (SEC) is responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. The Federal Trade Commission (FTC) protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace. The National Credit Union Association (NCUA) is the independent federal agency that regulates, charters and supervises federal credit unions, with the goal of providing a safe and sound credit union system. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails.All these agencies have a common theme: they are established to protect American consumers, whether it's from fraudulent practices, loss of insured deposits, or ensuring a safe credit union system. They do not primarily focus on ensuring businesses and banks pay fair tax rates, regulating immigration, or advocating equal education.#