Question

To make sure your money is protected by insurance, what should you find out about your bank?

a) The interest rates on loans

b) The bank's hours of operation

c) The bank's policy on overdraft fees

d) Whether the bank is FDIC insured

Answer 1

To protect your money with insurance, you should find out if the bank is FDIC insured.

Step-by-step explanation:

To make sure your money is protected by insurance, you should find out if the bank is FDIC insured. The Federal Deposit Insurance Corporation (FDIC) is responsible for deposit insurance in the United States. FDIC insurance guarantees that depositors will receive up to $250,000 of their money in each account, even if the bank goes bankrupt.