The FDIC for banks and NCUSIF for credit unions insure savings accounts up to what amount?
A)$50,000
B)$100,000
C)$200,000
D)$250,000

Name: The FDIC for banks and NCUSIF for credit unions insure savings accounts up to what amount? A)$50,000 B)$100,000 C)$200,000 D)$250,000
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Question

Quizplus · Accepted Answer

The FDIC insures savings accounts up to $250,000 per depositor per bank, and the NCUSIF insures savings accounts up to $250,000 per depositor per credit union. Therefore, the best choice is D, which represents the highest amount.

The FDIC for Banks and NCUSIF for Credit Unions Insure