Capital MarketsQuestion 327 of 398
Which federal agency insures deposits at member commercial banks up to specified limits?
a.The FDIC (Federal Deposit Insurance Corporation)
b.SIPC
c.The SEC
d.The MSRB
Explanation
The FDIC insures bank deposits, such as checking and savings accounts and CDs, up to specified limits per depositor per bank. It protects bank customers, not brokerage customers, whose accounts are covered by SIPC instead.
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