Asked by LeeAnn Tiffany on Jun 03, 2024

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Certificates of deposit are insured by the

A) SPIC.
B) CFTC.
C) Lloyds of London.
D) FDIC.
E) All of the options are correct.

Lloyds of London

A British insurance and reinsurance market, where members join together as syndicates to insure and spread risks.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency insuring deposits in banks and thrift institutions, offering depositors protection against bank failure.

CFTC

The Commodity Futures Trading Commission, a United States federal agency regulating futures and options markets.

  • Understand the regulatory framework and insurance for financial instruments.
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HB
Hallie BrownJun 05, 2024
Final Answer :
D
Explanation :
Certificates of deposit are insured by the Federal Deposit Insurance Corporation (FDIC), which protects depositors against the loss of their deposits if an FDIC-insured bank or savings association fails.