Question

question 7 of 10
one sign that your money will be safe in a savings account is if ______

○ there are usually security guards in the lobby

○ it is invested in stocks which are protected by the stock exchange

○ it is insured up to $250,000 by the fdic/ncua

○ it is held in a weatherproof box

Explanation:

FDIC (Federal Deposit Insurance Corporation) and NCUA (National Credit Union Administration) are U.S. federal agencies that insure deposits in banks and credit unions, respectively, up to $250,000 per depositor. This is a formal, regulatory guarantee of savings account safety. Security guards are physical security but not a core guarantee of deposit safety; savings accounts are not invested in stocks; weatherproof boxes are irrelevant to account-based savings safety.

Answer:

it is insured up to $250,000 by the FDIC/NCUA