Nearly all U.S.banks with federal or state charters have their deposits insured by the Federal Deposit Insurance Corporation.

Name: Nearly all U.S.banks with federal or state charters have their deposits insured by the Federal Deposit Insurance Corporation.
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Quizplus · Accepted Answer

This statement is true. The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to banks with federal or state charters, covering up to $250,000 per depositor per bank.

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