Question

Which of the following is usually not insured? a. a savings account b. a mutual fund...

Which of the following is usually not insured?
a. a savings account
b. a mutual fund
c. a CD
d. a US savings bond
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Homework Answers

Answer #1

Federal Deposit Insurance Corporation insure only the financial Deposits and Mutual funds, like investments in the stock market, are not insured by the Federal Deposit Insurance Corporation (FDIC) because they do not qualify as financial deposits.

Option B is correct.

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