In case of a bank failure, which of the following guarantees customer deposits up to $250,000 per account?

History

2 answers:

almond37 [142]3 years ago

5 0

The answer is: Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation is a federal agency established in 1934 that guarantees depositors' savings up to $250,000 per account in most commercial banks, savings banks and savings associations. Therefore, if the bank fails, deposits are protected up to $250.000.

BigorU [14]3 years ago

4 0

Federal Deposit Insurance Corporation (FDIC)

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