what does it mean when a bank is fdic insured? (1 point) it has insurance on the building. it has insurance…

what does it mean when a bank is fdic insured? (1 point) it has insurance on the building. it has insurance on its investments. it guarantees that you wont lose all of your money. it is one of the top 100 banks in the world.

what does it mean when a bank is fdic insured? (1 point) it has insurance on the building. it has insurance on its investments. it guarantees that you wont lose all of your money. it is one of the top 100 banks in the world.

Answer

Answer:

C. It guarantees that you won't lose all of your money.

Brief Explanations:

The Federal - Deposit Insurance Corporation (FDIC) insures deposits in member banks. This means that if a bank fails, depositors are protected up to a certain amount (currently $250,000 per depositor, per account ownership category), so they won't lose all their money.