Economy, asked by ibapynkmenwanniang4, 15 days ago

with the What do banks do that money safe keeping Keeping people deposit og​

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Answered by shettysachi5
1

Answer:

The FDIC insures the money you deposit into a bank, up to $250,000 per account. The FDIC was created so that people wouldn't lose their money if a bank fails and closes. Deposits can be placed in multiple types of accounts or at different banks to avoid the $250,000 cap

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