Question

How is money safe with the banks​

Answer 1

Answer:

For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or credit union fails and your funds are insured, your money is safe. The federal government, with backing from the US Treasury, can replace any money that was lost by the bank.........

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Answer 2

ANSWER:-For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or credit union fails and your funds are insured, your money is safe. The federal government, with backing from the US Treasury, can replace any money that was lost