Description
Explains the role of the FDIC in insuring bank deposits. Defines key FDIC terminology and describes insurance coverage and limits. Explains ownership categories and how to calculate coverage for individual account holders and ownership categories.
What You’ll Learn
After completing this course, students will be able to:
- Describe the purpose and basics of FDIC insurance
- Explain the general rules, coverage, and calculation for FDIC insurance
- Describe possible unique ownership scenarios and the insurance coverage for each ownership category
