Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'Federal Deposit Insurance Corporation'?

A. the instance (FDIC), which preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
B. the instance (FSOC), which provides comprehensive monitoring of the stability of our nation's financial system, as established under the Dodd-Frank Wall Street Reform and Consumer Protection Act
C. the instance (FHFA), responsible for strengthening and securing the United States secondary mortgage markets by providing effective supervision, sound research, reliable data, and relevant policies
D. the instance (ABA) legal entity, which is a trade association whose membership comprises financial institutions of all sizes

Answer: the instance (FDIC), which preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.