Certificates of Deposit Are Insured for Up to ____________ in the Event

question 23

Multiple Choice

Certificates of deposit are insured for up to ____________ in the event of bank insolvency.

• A) $10,000
• B) $100,000
• C) $250,000
• D) $500,000

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Definitions:

Private Accountant

An accountant who is employed by a single organization to perform financial duties such as audits, budgeting, and financial statement preparation internally.

Public Accountant

A certified professional who provides accounting services to the public, including auditing, tax advice, and financial consulting.