You have just recently started your investment activities for retirement.You were happy to learn from your broker that your investor's account balance would be insured for up to $500,000 through the ________ in the event their brokerage firm goes bankrupt.
A)FDIC
B)FSLIC
C)NCUA
D)SIPC
E)FTC

Question

Quizplus · Accepted Answer

The Securities Investor Protection Corporation (SIPC) insures investors' accounts for up to $500,000 in the event that their brokerage firm goes bankrupt. The FDIC insures bank deposits, the FSLIC insures savings and loans deposits, the NCUA insures credit union deposits, and the FTC is a consumer protection agency, none of which apply to brokerage firm investments.

You Have Just Recently Started Your Investment Activities for Retirement