Rico need not worry that his $8,347 in a checking account at Bigbux Bank could be lost if the bank fails, because Bigbux is a Federal Deposit Insurance Corporation (FDIC) member bank.
Correct Answer:
Verified
Q154: In an electronic funds transfer (EFT) system,
Q155: Many employers offer direct deposit as a
Q156: A debit card is better than a
Q157: Payroll debit cards are cheaper for employers
Q158: Erica has three types of deposits at
Q160: Smart cards can allow the user to
Q161: Although there are many new ways to
Q162: A banker's acceptance represents a promise that
Q163: The IMF's goal is to maintain a
Q164: While an electronic funds transfer represents a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents