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In case of a bank failure, which of the following guarantees customer deposits up to $250,000 per account?


First Bank of the United States

Federal Deposit Insurance Corporation

Federal Reserve Bank

Federal Reserve Board

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joshmurray2020p703co
Federal Deposit Insurance Corporation (FDIC)
StormEnd

The answer is: Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation  is a federal agency established in 1934 that guarantees depositors' savings up to $250,000 per account in most commercial banks, savings banks and savings associations. Therefore, if the bank fails, deposits are protected up to $250.000.

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