The Dodd-Frank legislation of 2010 permanently increased the federal deposit insurance to
A)$40,000.
B)$100,000.
C)$200,000.
D)$250,000.

Question

Quizplus · Accepted Answer

The Dodd-Frank legislation of 2010 permanently increased the federal deposit insurance to $250,000. This means that the FDIC (Federal Deposit Insurance Corporation) insures deposits in participating banks and savings associations up to $250,000 per depositor, per insured bank, for each account ownership category.

The Dodd-Frank Legislation of 2010 Permanently Increased the Federal Deposit