Which of the following is a reason that has made IRA and Keogh accounts more attractive to depositors recently?
A)Most of these accounts carry floating interest rates
B)These accounts now represent more than half of total deposits of FDIC insured banks
C)Individuals can deposit unlimited amounts in these accounts
D)Banks need to pay at least 6% on these accounts to depositors
E)Increase in FDIC insurance coverage to $250,000 on these accounts

Question

Quizplus · Accepted Answer

The increase in FDIC insurance coverage to $250,000 on IRA and Keogh accounts has made them more attractive to depositors recently. This means that depositors can have more confidence in the safety of their deposits, which has increased the appeal of these accounts.

Which of the Following Is a Reason That Has Made