Deposits into any bank are limited to? A fdic. Limit B 60% of banks capital and surplus C 60% of banks income less expenses D 60% of a municipal General fund cash

Question

asked Mar 1, 2021 187k views

1 Answer

← Prev Question Next Question →

Ask a Question

Pedro Manfredi · Answer 1 · 2021-03-08T06:05:02+0000

Answer:

A

Step-by-step explanation:

The Federal Deposit Insurance Corporation (FDIC) limits the amount of money insured by banks and encourages people with a large amount of money to spread their money out among different banks and also stimulates the economy.

Deposits into any bank are limited to? A fdic. Limit B 60% of banks capital and surplus C 60% of banks income less expenses D 60% of a municipal General fund cash

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions