question 12(multiple choice worth 5 points)\n(02.03 lc)\nwhich federal agency protects bank deposits up to…

question 12(multiple choice worth 5 points)\n(02.03 lc)\nwhich federal agency protects bank deposits up to $250,000 per institution?\noffice of the comptroller of the currency\nfederal deposit insurance corporation\nsecurities and exchange commission\nbureau of consumer protection

question 12(multiple choice worth 5 points)\n(02.03 lc)\nwhich federal agency protects bank deposits up to $250,000 per institution?\noffice of the comptroller of the currency\nfederal deposit insurance corporation\nsecurities and exchange commission\nbureau of consumer protection

Answer

Brief Explanations:

The Federal Deposit Insurance Corporation (FDIC) is a U.S. government - agency that insures bank deposits up to $250,000 per depositor, per insured institution. The other agencies listed have different functions. The Office of the Comptroller of the Currency regulates national banks, the Securities and Exchange Commission oversees securities markets, and the Bureau of Consumer Protection focuses on consumer financial protection.

Answer:

B. Federal Deposit Insurance Corporation