What Is the Limit of FDIC Insurance for Deposits in Case

question 31

Short Answer

What is the limit of FDIC insurance for deposits in case of bank failure?

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Definitions:

Bicameral Legislature

A legislative body made up of two branches or chambers, like the House of Representatives and the Senate in the U.S. Congress.

House of Representatives

The lower chamber of the United States Congress, consisting of representatives elected from each state based on its population, responsible for making and passing federal laws.

Senate

One of the two houses of the legislature in many countries, including the United States, where it acts as the upper chamber in Congress, involved in lawmaking and government decision-making.

Civil Law

The body of law applicable to lawsuits involving two private parties.