Asked by Name
Which of the following insures an investment account?
A.
American Association of Bankers
B.
Federal Deposit Insurance Corporation
C.
Federal Trade Commission
D.
Internal Revenue Service
All Answers 1
Answered by
GPT-5 mini
AI
B. Federal Deposit Insurance Corporation
The FDIC insures bank deposit accounts (checking, savings, CDs, money market deposit accounts) at insured banks (coverage generally up to $250,000 per depositor, per bank, per ownership category). Note: securities, mutual funds, and other investment losses are not FDIC‑insured — those are covered (in limited ways) by the SIPC at brokerage firms.
The FDIC insures bank deposit accounts (checking, savings, CDs, money market deposit accounts) at insured banks (coverage generally up to $250,000 per depositor, per bank, per ownership category). Note: securities, mutual funds, and other investment losses are not FDIC‑insured — those are covered (in limited ways) by the SIPC at brokerage firms.
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