Question

Which of the following statements about FDIC-insured accounts is correct?

Answer 1

I believe the answer would be FDIC insures deposits up to $ 250,000 per person in bank.

The great number of deposits were made by the 1933 Banking Act by the government to restore more trust in the American banking system as it was damaged after the Great Depression.

Answer 2

FDIC insures deposits up to $250,000 per person per bankAll credit unions and retail banks provide FDIC-insured accounts,Both A & B Neither A nor B