Beginning in 2010, the amount protected by the Federal Deposit Insurance Corporation in non-interest bearing checking accounts is
A)zero.
B)$100,000.
C)unlimited.
D)$250,000.

Question

Quizplus · Accepted Answer

Beginning in 2010, the amount protected by the Federal Deposit Insurance Corporation in non-interest bearing checking accounts became unlimited under the Dodd-Frank Wall Street Reform and Consumer Protection Act. This means that all funds in a non-interest bearing checking account, regardless of the amount, are fully insured by the FDIC.

Beginning in 2010, the Amount Protected by the Federal Deposit