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merflfreynosophian
merflfreynosophian merflfreynosophian
  • 10-05-2016
  • Social Studies
Answered

which of the following statements about fdic-insured accounts is correct

Verified Answer :

andriansp andriansp
  • 12-08-2018

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

The large amount of deposits were created by 1933 Banking Act by the government to restore more trust in American banking system, which was damaged after the Great Depression. The main purpose of this insurance is to increase customers' trust toward the bank and attract more saving.


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