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21 December, 22:29

Deposits into any bank are limited to?

A fdic. Limit

B 60% of banks capital and surplus

C 60% of banks income less expenses

D 60% of a municipal General fund cash

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Answers (1)
  1. 21 December, 22:59
    0
    A

    Explanation:

    The Federal Deposit Insurance Corporation (FDIC) limits the amount of money insured by banks and encourages people with a large amount of money to spread their money out among different banks and also stimulates the economy.
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