You decide to open a savings account, and you notice a sign in your bank that indicates deposits are fdic insured. what protection does that give you?
The reason for the FDIC, then, is to protect investment accounts against future bank disappointments. At present, reserve funds stores are guaranteed against such disappointments up to a furthest reaches of $250,000, in this way guaranteeing the larger part of individual bank accounts are secured.
Answer:
if the bank fails, your deposits are protected up to $250,000
Explanation:
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