Which of the following statements is true for the U.S.?
A) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against losses up to $250,000.
B) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against losses up to $100,000.
C) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against losses up to $10,000.
D) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against natural disaster up to $100,000.
E) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against floods up to $100,000.
Correct Answer:
Verified
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