Question

question 5 of 10
a savings account that is insured by the fdic/ncua means_____
the money is protected by the government
it has one of the highest interest rates around
the account is invested in government bonds
it can be used only in an emergency

Explanation:

The Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) are government - backed institutions. Their main role is to protect depositors' money. If a bank (insured by FDIC) or a credit union (insured by NCUA) fails, these agencies ensure that depositors get their money back up to a certain limit. Interest rates are not determined by FDIC/NCUA insurance. Insurance has nothing to do with the investment of the account (like in government bonds). And there is no rule that an insured savings account can only be used in an emergency.

Answer:

the money is protected by the government