18-51 Because the minimum amount of a negotiable wholesale CD is $100,000,holders of these CDs are fully covered by FDIC insurance.

Name: 18-51 Because the minimum amount of a negotiable wholesale CD is $100,000,holders of these CDs are fully covered by FDIC insurance.
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Question

Quizplus · Accepted Answer

FDIC insurance only covers deposits in a bank account up to $250,000. It does not cover investments in negotiable wholesale CDs, which are typically bought by institutional investors and not individual depositors.

18-51 Because the Minimum Amount of a Negotiable Wholesale CD