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The federal government insures bank deposits at commercial and saving banks for up to what amount?? $10,000 $50,000 $100,000 $250,000

The federal government insures bank deposits at commercial and saving banks for up to what amount?? $10,000 $50,000 $100,000 $250,000
asked 42.9k views
3 votes
The federal government insures bank deposits at commercial and saving banks for up to what amount??

$10,000
$50,000
$100,000
$250,000

asked
User Tarick Welling
by
8.6k points

2 Answers

6 votes

Answer:250,000

Explanation:just got it right

answered
User Joris
by
8.3k points
3 votes
Deposits at commercial banks are insured up to $250,000 per depositor by the Federal Deposit Insurance Corporation also known as FDIC. FDIC promotes the safety and soundness of institutions.

Good luck :)
answered
User Lehoang
by
7.8k points
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