The government agency that insures each depositor at a commercial bank,savings and loan association,or mutual savings bank up to a loss of $100,000 per account ($250,000 for individual retirement accounts)is the Securities and Exchange Commission (SEC).

Question

Quizplus · Accepted Answer

The government agency that insures each depositor at a commercial bank, savings and loan association, or mutual savings bank up to a loss of $100,000 per account ($250,000 for individual retirement accounts) is the Federal Deposit Insurance Corporation (FDIC), not the Securities and Exchange Commission (SEC).

The Government Agency That Insures Each Depositor at a Commercial