Asked by LeeAnn Tiffany on Jun 03, 2024
Verified
Certificates of deposit are insured by the
A) SPIC.
B) CFTC.
C) Lloyds of London.
D) FDIC.
E) All of the options are correct.
Lloyds of London
A British insurance and reinsurance market, where members join together as syndicates to insure and spread risks.
FDIC
The Federal Deposit Insurance Corporation, a U.S. government agency insuring deposits in banks and thrift institutions, offering depositors protection against bank failure.
CFTC
The Commodity Futures Trading Commission, a United States federal agency regulating futures and options markets.
- Understand the regulatory framework and insurance for financial instruments.
Verified Answer
Learning Objectives
- Understand the regulatory framework and insurance for financial instruments.
Related questions
Municipal Bonds Are Exempt from Interest Payments of Federal Income ...
Bondholders Are Creditors,and Therefore They Have a Claim on the ...
Interest Is Always Exempt from State Income Taxes in Any ...
Money Market Instruments Are Short-Term Debt Securities Issued by Individuals ...
Morgan Wants to Purchase a Low-Risk Bond ...