The _____ is an independent, quasi-public corporation backed by the full faith and credit of the U.S.government that insures deposits in commercial banks and thrift institutions for up to a ceiling of $250,000 per account.
A) Savings Association Insurance Fund (SAIF)
B) Federal Savings and Loan Insurance Corporation
C) National Credit Union Share Insurance Fund
D) Bank Insurance Fund (BIF)
E) Federated Deposit Investment Corporation (FDIC)
Correct Answer:
Verified
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