Wise-Wallet

Question 18

Many jurisdictions provide deposit insurance protecting qualifying deposits up to a statutory cap, which is useful for safety and short-term cash placement.

Which statement about deposit insurance is generally true?

Did You Also Know...

^{By Wise Wallet}

Health Savings Accounts provide tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical costs.

It guarantees all investments including stocks and mutual funds.It eliminates the need for diversification.It often protects qualifying bank deposits up to a set limit.It covers cryptocurrency holdings.