Accounts in non-depository institutions are almost always insured by the government.
Group of answer choices

True

False

Question

Accounts in non-depository institutions are almost always insured by the government.
Group of answer choices

True

False

GPT-5 mini · Answer

False.

Non-depository institutions (e.g., brokerage firms, mutual funds, insurance companies) do not take insured deposits, so they are generally not covered by government deposit insurance like the FDIC/NCUA. Different, limited protections may apply (SIPC for brokerages, state guaranty associations for insurers), but these are not the same as government deposit insurance.

Accounts in non-depository institutions are almost always insured by the government.
Group of answer choices

True

False

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Accounts in non-depository institutions are almost always insured by the government. Group of answer choices True False

All Answers 1