If an insured bank fails, depositors are guaranteed up to how much per account?
A$100,000
B$1 million
C$250,000
D$25,000
Answer & Solution
Correct answer: C. $250,000
1. This suits almost all individuals.
2. The guarantee is $250,000.
3. No one has lost insured deposits since the 1930s.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 14, Monetary Policy and Bank Regulation (CC BY 4.0)._
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