Which federal agency insures bank deposits?

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Multiple Choice

Which federal agency insures bank deposits?

Explanation:
Deposits are protected by the FDIC. The Federal Deposit Insurance Corporation provides insurance for checking and savings accounts, money market deposits, and certificates of deposit at insured banks, up to $250,000 per depositor per insured bank. If a bank fails, the FDIC steps in to reimburse depositors within that limit, keeping basic funds safe. The other agencies have different roles: the SEC oversees securities markets, the OCC charters and supervises national banks, and the Federal Reserve System acts as the central bank and supervises many banking activities. The key idea is that deposit insurance specifically comes from the FDIC.

Deposits are protected by the FDIC. The Federal Deposit Insurance Corporation provides insurance for checking and savings accounts, money market deposits, and certificates of deposit at insured banks, up to $250,000 per depositor per insured bank. If a bank fails, the FDIC steps in to reimburse depositors within that limit, keeping basic funds safe. The other agencies have different roles: the SEC oversees securities markets, the OCC charters and supervises national banks, and the Federal Reserve System acts as the central bank and supervises many banking activities. The key idea is that deposit insurance specifically comes from the FDIC.

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