Certificates of deposit are insured for up to ____________ in the event of bank insolvency.
A)$10,000
B)$100,000
C)$50,000
D)$500,000
E)none of the above

Question

Quizplus · Accepted Answer

Certificates of deposit are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $100,000 per depositor, per insured bank. This means that if the bank becomes insolvent, the depositors are protected up to $100,000.

Certificates of Deposit Are Insured for Up to ____________ in the Event