In the Context of Savings, Identify a True Statement

question 128

Multiple Choice

In the context of savings, identify a true statement.

• A) Interest rates on savings accounts have typically been uniform across banks.
• B) Online savings banks have often provided higher interest rates than traditional banks in recent years.
• C) The Federal Deposit Insurance Corporation is not eligible to insure deposits made in online savings banks.
• D) The Federal Deposit Insurance Corporation (FDIC) insures individual deposits up to $550,000 per account in FDIC-insured banks.

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Definitions:

Quality

The degree to which a good, service, or idea meets the demands and requirements of customers.