The Federal Deposit Insurance Corporation (FDIC)insures each depositor at a commercial bank,savings and loan association,or mutual savings bank up to a loss of ________ per account.
A) $100,000
B) $250,000
C) $500,000
D) $1,000,000

Question

Quizplus · Accepted Answer

The FDIC insures each depositor up to a loss of $250,000 per account, so option B is the correct choice. Option A is incorrect because the limit was increased from $100,000 to $250,000 in 2008. Option C and D are incorrect because they are higher than the current limit.

The Federal Deposit Insurance Corporation (FDIC)insures Each Depositor at a Commercial