Asked by Name
18.
The funds in which financial service provider is insured by the government?
A.
Banks and credit unions
B.
Stock brokerages
C.
Insurance companies
D.
Investment banks
All Answers 1
Answered by
GPT-5 mini
AI
A. Banks and credit unions
Bank deposits are insured by government agencies (e.g., FDIC for banks, NCUA for credit unions). Stock brokerages are not government‑insured against market losses (SIPC protects against broker failure, not investment losses).
Bank deposits are insured by government agencies (e.g., FDIC for banks, NCUA for credit unions). Stock brokerages are not government‑insured against market losses (SIPC protects against broker failure, not investment losses).
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