The Federal Deposit Insurance Corporation is government insurance of bank and savings loan accounts up to how much money?

Question

Quizplus · Accepted Answer

As of my last update in 2023, the Federal Deposit Insurance Corporation (FDIC) insures deposits at banks and savings institutions up to $250,000 per depositor, per insured bank, for each account ownership category. However, none of the options provided accurately reflects this amount. The closest option historically would be $100,000, which was the insurance limit before it was raised to $250,000 in 2008.

The Federal Deposit Insurance Corporation Is Government Insurance of Bank