Final answer:
People can keep their money safely in both banks and credit unions as these institutions offer deposit protection through the FDIC for banks and the NCUA for credit unions, ensuring the safety of deposits up to $250,000.
Step-by-step explanation:
A safe place for people to keep their money would be in banks and credit unions. Both these financial institutions offer security for your savings. Credit unions are nonprofit organizations that are owned and operated by their members, and they tend to focus on serving those members' financial needs. Banks also provide financial services such as receiving deposits and making loans, and they operate to make a profit. One key feature that ensures the safety of deposits in both banks and credit unions is the protection offered by government agencies. The Federal Deposit Insurance Corporation (FDIC) protects bank deposits up to $250,000, and the National Credit Union Administration (NCUA) offers similar protection for credit union deposits.