elopez6558 elopez6558

26-06-2024
Business

Answered

Question 10:

A CD is FDIC insured.

A. True
B. False

Answer :

GinnyAnswer GinnyAnswer

26-06-2024

Final answer:

A CD is FDIC insured up to [tex]$250,000.

Explanation:

TRUE. A Certificate of Deposit (CD) is FDIC insured up to $[/tex]250,000. The Federal Deposit Insurance Corporation (FDIC) was established in 1933 to protect depositors' money in banks.

Learn more about FDIC insurance here:

https://brainly.com/question/29392553

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