3 ms·
Yup. you just have a claim on that institution. It not like holding stock or bonds
by jbverschoor 4y ago
Yup. you just have a claim on that institution. It not like holding stock or bonds
- ProllyInfamous 4y agoFurther, the FDIC (a US insurance agency with sweeping banking powers) guarantees that you will be able to redeem AT MOST AND UP TO $250,000, per account; guaranteed by the "legitimacy" of the USDollar (aka Taxpayers and US Debt holders).
- deleted 4y ago[deleted]