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Why does the FDIC place a limit on the amount of money it will insure?
Saida18
As of 2013, the FDIC provides $250,000 worth of protection per depositor, per account.
There is a limit because the purpose of the insurance is to encourage small depositors ("regular people," as opposed to the rich or huge corporations) to keep their money in banks. The main goal of the FDIC was to make sure that banks stay healthy, which can only happen if "regular people" have enough confidence to keep their money in the banks.
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∙ 10y ago
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Where can one borrow money from?
The most traditional place to borrow money is at a bank. If you have a job you can get a pay day advance loan based on the amount of money you make every payday. Pawn shops will give you money for property with thirty to sixty days to repay the borrowed amount or forfeit the property.
What are the advantages of a fixed deposit?
A FD Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit The advantage is the fact that you earn a very good interest on the money you place as a fixed deposit
Are bonds insure by the FDIC?
No. FDIC does not insure bonds. It only insures the deposits that customers place in banks. The purpose of this is to provide "Deposit Insurance" which guarantees the safety of cash deposited in its member banks, currently up to US $ 250,000 per depositor per bank. Currently FDIC insures deposits at more than 7500 institutions in the USA. This is to ensure that customers do not lose out their hard earned money in case of bank failures or bankruptcy. And this is not applicable to Bonds.
How much money can be deposited using an ATM?
It depends on the law or the place you stay. Few ATM's have deposit limits. but there are a large number of ATM's which virtually accept any amount to be deposited.
What is a place to put money?
bank
What is the highest amount of cash loan available?
There does not appear to be an immediate limit, however, you may want to consider the financial implications of borrowing a large amount of money. Any place that will give you money fast, will charge you a lot of interest.
What is the biggest amount of money you can get?
As long as inflation exists there is no upper limit. Be aware that if the majority of money is held in one place then it will cease to have value, and you will be left with a big mound of useless paper.
How should I insure my diamonds?
You should insure your diamonds from the diamond place you got it from. You should ask them how much the insurance is. It will probably cost you a couple hundred dollars but it is worth it. Be aware that you will not get the money for the ring if you loose it but the company may replace the ring.
Does the Constitution limit the nation's debt?
No. In the U.S., the Constitution places all authority for borrowing and spending in the hands of Congress. The Constitution does not place a limit on the amount that the country may borrow. Because it was inconvenient for Congress to get involved every time the Treasury needed to issue a security, Congress passed a law in 1917 which allows the Executive Branch, specifically the U.S. Treasury, to borrow money as necessary, provided that the total amount borrowed remains within a limit set by Congress. Currently (July 2011), that limit is set at $14.3 trillion.
Use insure in a sentence?
Can you suggest any additions to it, in the way of crime, that will reasonably insure my going to some other place.
What is the total amount of money for the iditorod?
you can win 50,000 if you are in first place in the iditorodpayment related to
How do you get stuff for small money?
steal it DO NOT STEAL IT... u can go to a RESALE place where they sell things in small amount of money... ( i do that sometimes )
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What place will give you the most amount of money for used games?
The answer is fishing it gives you a maximum of 279 coins.
How much money does a psychologist make?
The amount a psychologist makes can depend on many factors. The amount of schooling, the place of work, and the number of hours worked can all influence the amount a psychologist makes.
Where can one borrow money from?
The most traditional place to borrow money is at a bank. If you have a job you can get a pay day advance loan based on the amount of money you make every payday. Pawn shops will give you money for property with thirty to sixty days to repay the borrowed amount or forfeit the property.
Other than the tragic loss of life that occurred why is the event so significant?
there was a significant amount of money involved in this place so all of that money was lost
