Go to www.fdic.gov, and answer the following questions: a. List at least three types of bank accounts
Question:
Go to www.fdic.gov, and answer the following questions:
a. List at least three types of bank accounts that are insured by the FDIC. Are money market deposit accounts insured and, if so, to what limit?
b. List three types of consumer investment products that are not insured.
c. Are Treasury Securities insured by the FDIC? If Treasury Securities payments of interest and principal are deposited to your checking account, are they FDIC insured?
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a Three types of bank accounts that are insured by the FDIC are checking accounts savings accounts and certificates of deposit CDs Money market deposit accounts are also insured by the FDIC up to the ...View the full answer
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