Responses
It has insurance on the building.
It has insurance on the building.
It has insurance on its investments.
It has insurance on its investments.
It guarantees that you won't lose all of your money.
It guarantees that you won't lose all of your money.
It is one of the top 100 banks in the world.
It is one of the top 100 banks in the world.
1 answer
The correct response is: It guarantees that you won't lose all of your money.
Being FDIC insured means that your deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to a certain amount (currently $250,000 per depositor, per insured bank). This insurance provides consumers with a safeguard against bank failures.
