Understanding Financial Institution Insurance

The video discusses the concerns of 48% of Americans about the safety of their money in financial institutions. It explains the role of the FDIC, SIC, and NCU SF in providing insurance for depositor accounts, member banks, credit unions, and investment brokerages. The video highlights the insurance coverage limits of up to $250,000 per individual per bank and notes that only certain accounts qualify. It also mentions that this insurance does not protect against inflation or market fluctuations. The video advises viewers to ensure their money is insured by these institutions and to double-check their balances.

What percentage of Americans are concerned about the safety of their money in financial institutions?

• 25%

• 75%

• 48%

• 60%

Which organization is NOT mentioned as providing insurance for depositor accounts?

• FBI

• SIC

• FDIC

• NCU SF

What is the maximum amount covered per individual per bank by these insurance organizations?

• $1,000,000

• $500,000

• $250,000

• $100,000

If you have $500,000 in one bank across different accounts, how much is covered?

• $1,000,000

• $750,000

• $500,000

• $250,000

Which of the following is NOT protected by the insurance provided by these organizations?

• Institutional failure

• Inflation

• Market fluctuations

• Both inflation and market fluctuations

What should you do to ensure your money is safe according to the video?

• Invest in stocks

• Keep cash at home

• Open multiple accounts

• Ensure all money is insured