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:

Quantity Demanded

The amount of a good that buyers are willing and able to purchase.

Loanable Funds

The market where savers supply funds for loans to borrowers, influencing interest rates through the forces of supply and demand.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Interest Rate

The segment of a loan applied as interest for the borrower, customarily shown as an annual percentage of the current loan outstanding.