Question

multiple choice
question 5
what does the fdic do for account holders?
a provides insurance that protects account amounts up to $250,000
b enforces all government regulations on accounts
c provides the bank the opportunity to purchase its own insurance
d provides the service of direct deposit

Explanation:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government. Its main role is to protect depositors. If an FDIC - insured bank fails, the FDIC will reimburse account holders. The standard deposit insurance coverage is $250,000 per depositor, per insured bank, for each account ownership category.
Option B: Enforcing all government regulations on accounts is not the main function of the FDIC. There are other regulatory bodies that also play a role in regulating accounts.
Option C: The FDIC's insurance is for account - holders, not for banks to purchase their own insurance in the way described.
Option D: Direct deposit is a service provided by banks, not the FDIC.

Answer:

A. provides insurance that protects account amounts up to $250,000