Question 10:

A CD is FDIC insured.

A. True
B. False

Question

26-06-2024
Business

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Question 10:

A CD is FDIC insured.

A. True
B. False

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-26T22:27:36-04:00

GinnyAnsweridn GinnyAnsweridn

26-06-2024

Final answer:

A CD is FDIC insured up to [tex]$250,000.

Explanation:

TRUE. A Certificate of Deposit (CD) is FDIC insured up to $[/tex]250,000. The Federal Deposit Insurance Corporation (FDIC) was established in 1933 to protect depositors' money in banks.

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