Consumers should make sure that commercial banks are FDIC insured before opening accounts. True False

Consumers may not use banks because of fees and privacy issues. True False

FDIC Insurance is...*1 pointOptional coverage consumers can purchase so that their bank deposits remain safe.Insurance bank branches can buy to protect their business against fraud and scams.Required if you want to do online or mobile banking.Protection for bank customers’ deposits up to $250,000, guaranteeing their money is still available if the bank goes out of business.

The most important thing to confirm when opening a savings account is that __________.Group of answer choicesThe bank has an easy-to-use app.The bank has a minimum-balance requirement.The bank is FDIC insured.The bank is an equal-opportunity lender.

When choosing a commercial bank, you should make sure your money is protected by the _____ in case of a bank failure. aFDIC bNCUA cFED dFSLIC

True or False QuestionThe prime rate is reserved for a commercial bank's best customers.True false question.TrueFalse