What is the maximum amount an individual's account is typically insured for by the FDIC at one insured bank?

A $100,000

B $250,000

C $500,000

D $1,000,000

✓ Correct Answer: Option B

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

💡 Why is B) the correct answer?

The correct answer to the question "What is the maximum amount an individual's account is typically insured for by the FDIC at one 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 Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, per insured bank, for each account ownership category. This protection covers various deposit accounts …

📚 About This General Knowledge Practice Question

This 2-level General Knowledge question from the Abbreviations & Full Forms topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free General Knowledge practice test or use flashcards for spaced repetition review.

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What is the maximum amount an individual's account is typically insured for by the FDIC at one insured bank?

✓ Correct Answer: Option B

📚 About This General Knowledge Practice Question

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