Because the minimum amount of a negotiable wholesale CD is $100,000, holders of these CDs are fully covered by FDIC insurance.

Name: Because the minimum amount of a negotiable wholesale CD is $100,000, holders of these CDs are fully covered by FDIC insurance.
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Question

Quizplus · Accepted Answer

While wholesale CDs do exist, they are not covered by FDIC insurance as they are typically purchased by institutional investors and held in large amounts. The minimum amount to be covered by FDIC insurance is $250,000.

Because the Minimum Amount of a Negotiable Wholesale CD Is