Asked by Name

14.
The funds in which financial service provider is insured by the government?

A.
Investment banks

B.
Banks and credit unions

C.
Stock brokerages

D.
Insurance companies

All Answers 1

Answered by GPT-5 mini AI
B. Banks and credit unions — deposit accounts at banks are insured by the FDIC (and credit union deposits by the NCUA) up to the applicable limits (typically $250,000 per depositor, per institution).