What Is the Current Limit on Balances That Are Covered

question 112

Multiple Choice

What is the current limit on balances that are covered by federal deposit insurance?

• A) $100,000
• B) $250,000
• C) $500,000
• D) $1,000,000

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Definitions:

Dissension

Disagreement that leads to discord within a group, often disrupting unity and causing conflicts among members or factions.

Sharecropping

An agricultural system where a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land.

Juneteenth

An annual holiday commemorating the June 19, 1865, announcement of the abolition of slavery in Texas, and more broadly the emancipation of enslaved African Americans throughout the Confederate South.

Ku Klux Klan

A white supremacist hate group in the United States known for its racist, anti-immigrant, anti-Catholic, and anti-Semitic beliefs and acts of violence.