Up to what amount does the Federal Deposit Insurance Corporation (FDIC) typically insure deposits in a single ownership account at an insured bank?

A $100,000

B $250,000

C $500,000

D $1,000,000

✓ Correct Answer: Option B

The FDIC insures deposits in individual accounts up to $250,000 per depositor, per insured bank, for each account ownership category. This protection covers various deposit products like checking accounts, savings accounts, and Certificates of Deposit (CDs).

💡 Why is B) the correct answer?

The correct answer to the question "Up to what amount does the Federal Deposit Insurance Corporation (FDIC) typically insure deposits in a single ownership account at an insured bank?" is Option B: $250,000.

The other options — A) $100,000, C) $500,000, D) $1,000,000 — are incorrect for this General Knowledge question. As explained above: The FDIC insures deposits in individual accounts up to $250,000 per depositor, per insured bank, for each account ownership category. This protection covers various deposit products like checking acc…

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Up to what amount does the Federal Deposit Insurance Corporation (FDIC) typically insure deposits in a single ownership account at an insured bank?

✓ Correct Answer: Option B

📚 About This General Knowledge Practice Question

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