The Federal Deposit Insurance Corporation (FDIC) currently insures against loss of up to ____ per person in an individual account at any one institution.

Question

Quizplus · Accepted Answer

The FDIC currently insures up to $250,000 per person in an individual account at any one institution. This means that if a bank or financial institution fails, the FDIC will reimburse up to $250,000 of the deposit per person. Option A is incorrect because $50,000 was the previous limit before the FDIC Improvement Act of 1991. Option B is also incorrect because it was the limit from 2008 to 2010, and Option D is incorrect because it is not the current limit.

The Federal Deposit Insurance Corporation (FDIC) Currently Insures Against Loss