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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.
What else can I help you with?
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.
How to place a money order?
To place a money order, go to a post office, bank, or retail store that offers money order services. Fill out the required information on the money order form, including the recipient's name and your own. Pay the amount you want to send, plus a small fee. Keep the receipt for tracking purposes.
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
Is it customary to put money inside when giving a wallet?
Yes, it is customary to place money inside a wallet when gifting it, as this gesture symbolizes good luck and prosperity for the recipient. It is believed to ensure that the wallet will always be filled with money. However, the amount can vary based on the giver's relationship with the recipient and the occasion. If you're unsure, a small amount is usually appreciated.
How to place a stop limit order?
To place a stop limit order, first choose the stock you want to trade and set the stop price at which you want the order to be triggered. Then, set the limit price at which you want the order to be executed. Finally, submit the order through your brokerage account.
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 does currency restrictions for entry entail?
Currency restrictions for entry refer to limitations or regulations imposed by a country on the amount of money or currency that individuals can bring into the country when entering. These restrictions are typically in place to control the flow of money across borders and prevent illegal activities such as money laundering or tax evasion. Travelers may be required to declare the amount of currency they are carrying and may be subject to penalties or confiscation of funds if they exceed the allowed limit.
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.
How much cash can you have in your home legally?
There is no limit to how much cash you can have in your home legally in the United States. However, if you have more than $10,000 in cash, you must report it to the IRS to comply with anti-money laundering regulations.
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.
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.
