Which of the following is protected by the FDIC? a. Deposits lost to identity fraud b. Stock investments c. Money market accounts d. Annuities

Question

Mathematics

Jordyn Krueger

16 May, 03:42

Which of the following is protected by the FDIC? a. Deposits lost to identity fraud b. Stock investments c. Money market accounts d. Annuities

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Answers (1)

Know the Answer?

Enzo Cabrera · Answer 1

Option C is the correct answer.

Step-by-step explanation:

Money market account is protected by the FDIC.

Money market account is a type of deposit account that yields interest as per the current interest rates in the money markets. FDIC or Federal Deposit Insurance Corporation protects this market account. FDIC also guarantees a specific amount of checking and savings deposits for its member banks.