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What is deposit insurance?

Anonymous

∙ 17y ago

Updated: 9/13/2023

Deposit insurance is a system taken by banks to guard a situation either fully or in part, against any possibility that would prevent the bank from returning said savings. Deposit insurance are mostly run by the Government and may or may not be part of a central bank.

Wiki User

∙ 17y ago

What else can I help you with?

When was Federal Deposit Insurance Corporation created?

Federal Deposit Insurance Corporation was created in 1933.

When was Nigeria Deposit Insurance Corporation created?

Nigeria Deposit Insurance Corporation was created in 1988.

When was Canada Deposit Insurance Corporation created?

Canada Deposit Insurance Corporation was created in 1967.

When was Deposit Insurance Agency of Russia created?

Deposit Insurance Agency of Russia was created in 2004.

What has the author Rita Carisano written?

Rita Carisano has written: 'Deposit insurance' -- subject(s): Deposit insurance

How much money can you deposit in the federal deposit insurance corporation?

None

What did the Federal Deposit Insurance Corporation (FDIC) insure?

bank deposit

Is National Penn Bank protected by some kind of deposit insurance?

National Penn Bank is protected by a deposit insurance by the government. The insurance is known as FDIC.

When did the Federal Deposit Insurance Corporation Improvement Act pass?

The Federal Deposit Insurance Corporation Improvement Act passed in 1991

What has the author G G Garcia written?

G. G Garcia has written: 'Deposit insurance' -- subject(s): Deposit insurance

What exactly is a fdic insurance?

FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.

The federal deposit insurance corporation insures bank deposits up to how per deposit?

100,000

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