83
QuizMultiple Choice

Topic Test

Question 83 • 26-27 Ignite Technical Math-Financial Math - MA2007

Which of the following is not protected by the FDIC?

Answer
A
Safety deposit boxes
B
Savings accounts
C
Checking accounts
D
Certificates of Deposit (“CDs”)

Explanation

The FDIC insures deposits held in eligible bank accounts, including savings accounts, checking accounts, and certificates of deposit (CDs), up to applicable limits. It does not insure items stored in a safe deposit box, such as cash or valuables, so safety deposit boxes are the correct choice.

AI-written and checked against the verified answer.

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