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What does the fdic insure?

Updated: 9/17/2023
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12y ago

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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at over 7500 institutions across the United States

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12y ago
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Q: What does the fdic insure?
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