The FDIC insures deposits in:

A) all the commercial banks across the U.S.
B) Federal Reserve member banks only.
C) any banking institution that sells FDIC insurance.
D) any banking institution that purchases FDIC insurance.
E) any bank approved by the Fed.

FDIC

The Federal Deposit Insurance Corporation, an independent agency of the United States government that insures deposits at banks and thrift institutions.

Insures Deposits

A guarantee provided by government or private entities that deposits in banks are protected up to a certain limit in the event of a bank failure.

Commercial Banks

Commercial Banks are financial institutions that accept deposits, offer various banking services like loans and mortgages, and play a significant role in the financial system.