ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -A: Deposit products include checking accounts, savings accounts, CDs and MMDAs and are insured by the FDIC. The amount of FDIC insurance coverage you may be entitled to, depends on the ownership category.
Detailed explanation-2: -The Advisor Insight. In general, nearly all banks carry FDIC insurance for their depositors. However, there are two limitations to that coverage. The first is that only depository accounts, such as checking, savings, bank money market accounts, and CDs are covered.
Detailed explanation-3: -Checking accounts. Negotiable Order of Withdrawal (NOW) accounts. Savings accounts. Money Market Deposit Accounts (MMDAs) Time deposits such as certificates of deposit (CDs) Cashier’s checks, money orders, and other official items issued by a bank. 13-Sept-2022
Detailed explanation-4: -Stock investments. Bond investments. Mutual funds. Crypto Assets. Life insurance policies. Annuities. Municipal securities. Safe deposit boxes or their contents. More items •14-Sept-2022