In the United States the SEC provides deposit insurance for $250,000 per person per bank.true or...

In the United States the SEC provides deposit insurance for $250,000 per person per bank.true or false

Expert Solution

The answer is False

FDIC insurance includes bank, but not credit unions, deposit accounts.
The FDIC offers consumer education, supervises banks and responds to consumer complaints in addition to insuring deposit accounts.
The standard insurance deposit quantity of the FDIC is typically $250,000 per customer account.
FDIC insurance does not cover annuities or mutual funds or life insurance.

Rahul Sunny answered 2 years ago

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