Certificates of deposit are insured for up to ____________ in the event of bank insolvency.

A) $10,000
B) $100,000
C) $250,000
D) $500,000

Question

Certificates of deposit are insured for up to ____________ in the event of bank insolvency.A)  $10,000B)  $100,000C)  $250,000D)  $500,000

Kabore Marco Simon Kabore · Accepted Answer

Final Answer : C, Explanation :  Certificates of deposit are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) in the event of bank insolvency.

Certificates of deposit are insured for up to ____________ in the event of bank insolvency.

A) $10,000
B) $100,000
C) $250,000
D) $500,000

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