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In general, FDIC insures money up to $250,000 per account. In certain ownership settings it can be more. In late 2008 President Bush signed the Economic Stabalization Act which increases the limit from $100,000 to $250,000.

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How would the Federal Deposit Insurance Corporation help prevent another depression?

In and of itself, it wouldn't. The Federal Deposit Insurance Corporation is not an insurer per se. Instead, it is a quasi-government agency that uses tax dollars to prop-up and try to rehabilitate failing banks. The FDIC "insures" deposits to a stated amount per depositor. Therefore, if the bank fails, the FDIC reimburses the depositor for the amount that he/she/it had deposited up to the stated amount. While "bank runs" can be an elements of a "depression", there are many other causes of one. One of the primary causes is reduced demand for goods and services in an economy, which results in reduced employment, which in turn further reduces the demand for goods and services.


What entity ensured bank deposits up to 5000 dollars?

The entity that ensured bank deposits up to $5,000 was the Federal Deposit Insurance Corporation (FDIC), which was established in 1933 during the Great Depression. The FDIC was created to restore public confidence in the banking system by protecting depositors' funds and preventing bank runs. This insurance has since been increased to cover higher amounts, but the initial limit was set to safeguard individual depositors.


What is the price range for liability insurance for corporations seeking 2 million dollars in coverage?

That all depends. What type of corporation? What is your risk exposure? What is your loss history. There is not enough information to answer. Could be 100 dollars or could cost you a million dollars.


Can I deposit Canadian dollars in a US bank?

Yes, you can deposit Canadian dollars in a US bank, but the bank may convert the currency to US dollars and charge a fee for the exchange.


How much is the limit for time deposit?

1 billion dollars

Related Questions

How would the Federal Deposit Insurance Corporation help prevent another depression?

In and of itself, it wouldn't. The Federal Deposit Insurance Corporation is not an insurer per se. Instead, it is a quasi-government agency that uses tax dollars to prop-up and try to rehabilitate failing banks. The FDIC "insures" deposits to a stated amount per depositor. Therefore, if the bank fails, the FDIC reimburses the depositor for the amount that he/she/it had deposited up to the stated amount. While "bank runs" can be an elements of a "depression", there are many other causes of one. One of the primary causes is reduced demand for goods and services in an economy, which results in reduced employment, which in turn further reduces the demand for goods and services.


What entity ensured bank deposits up to 5000 dollars?

The entity that ensured bank deposits up to $5,000 was the Federal Deposit Insurance Corporation (FDIC), which was established in 1933 during the Great Depression. The FDIC was created to restore public confidence in the banking system by protecting depositors' funds and preventing bank runs. This insurance has since been increased to cover higher amounts, but the initial limit was set to safeguard individual depositors.


Deposit in a sentence?

he went to deposit his money in the bank he had to deposit 20 dollars


How do you deposit money Mafia Wars?

to deposit money in the bank you need more than what you want do deposit because the bank charges 10% of what you deposit. for example you want to deposit 1000000 dollars, you must posses 1100000 dollars to have the 1000000 dollars put in the bank.


What is the price range for liability insurance for corporations seeking 2 million dollars in coverage?

That all depends. What type of corporation? What is your risk exposure? What is your loss history. There is not enough information to answer. Could be 100 dollars or could cost you a million dollars.


What is the budget of Pension Benefit Guaranty Corporation?

The budget of Pension Benefit Guaranty Corporation is 445,000,000 dollars.


Can you told me the Meaning of cash deposit?

A cash deposit is when you take actual cash (dollars and coins) to the bank and deposit them.


Can I deposit Canadian dollars in a US bank?

Yes, you can deposit Canadian dollars in a US bank, but the bank may convert the currency to US dollars and charge a fee for the exchange.


Where are most federal dollars spent?

The MOST federal dollars are spent in defense(:


Who pays for unemployment insurance in North Carolina?

An employer is responsible for paying unemployment insurance through taxes in North Carolina. Employers pay at both a state and federal level for this type of coverage on their employee.


What is the budget of Oklahoma Corporation Commission?

The budget of Oklahoma Corporation Commission is 304,000,000 dollars.


What is the budget of Nasa Kiwe Corporation?

The budget of Nasa Kiwe Corporation is 10,986,051,685 dollars.