Question

semester 1 final
banks have insurance on deposits through the __________?
○ securities insurance fund
○ national credit union share insurance fund
○ state depository reconciliation fund
○ federal deposit insurance corporation

Explanation:

To determine the correct answer, we analyze each option:

• "Securities Insurance Fund" is not related to bank deposit insurance.
• "National Credit Union Share Insurance Fund" insures credit union deposits, not bank deposits.
• "State Depository Reconciliation Fund" is not a standard deposit insurance entity for banks.
• "Federal Deposit Insurance Corporation (FDIC)" is the entity that provides deposit insurance for banks in the US.

Answer:

D. Federal Deposit Insurance Corporation