The Federal Deposit Insurance Corporation insures deposits up to ________.A.$150,000B.$250,000C.$100,000D.$50,000SUBMITarrow_backPREVIOUS

The Federal Deposit Insurance Corporation (FDIC) insures deposits up to a certain limit to provide protection for bank customers in the event of a bank failure. As of my knowledge cutoff in October 2023, the correct amount that the FDIC insures per depositor, per insured bank, for each account ownership category is $250,000.

This insurance is crucial because it helps maintain public confidence in the U.S. financial system. Knowing that their money is protected up to this limit encourages individuals to deposit their savings in banks, fostering economic stability. Therefore, the correct answer to your question is:

Final Answer

B. $250,000