Which of the Following Protects Savings Accounts Against Theft and Loss

question 9

Multiple Choice

Which of the following protects savings accounts against theft and loss?

• A) Federal Deposit Insurance Corporation (FDIC).
• B) Homeowner's insurance.
• C) Health insurance.
• D) Life insurance.

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Definitions:

Sales Returns and Allowances

A reduction in sales revenue due to the return of or allowances for unsatisfactory goods.

Revenue Account

An account that tracks the income a company generates from its business activities, excluding expenses.

Asset

A valuable economic entity held or overseen by an individual, business, or state, expected to bring about future advantage.