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

Question

Carleigh

Business

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

+1

Answers (1)

Know the Answer?

Mollie Macdonald · Answer 1

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.

Deposits into any bank are limited to?A fdic. LimitB 60% of banks capital and surplusC 60% of banks income less expensesD 60% of a municipal General fund cash

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