ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IRS and DHS
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DHS and FDIC
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FDIC and NCUA
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NCUA and FICA
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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. This generally means the manner in which you hold your funds.
Detailed explanation-2: -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: -FDIC insurance protects your assets in a bank account (checking or savings). SIPC insurance, on the other hand, protects your assets in a brokerage account.
Detailed explanation-4: -(ɛn si yu eɪ) or National Credit Union Administration. abbreviation. (Finance: Banking) The NCUA is a US government agency that monitors federal credit unions. The NCUA charters and examines the books of federally chartered credit unions and imposes restrictions on assets they can hold.