Question

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

Answer 1

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.