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Q: Jen heard that the bank where she kept her money was going to close for good. Jen said she wasn't worried. Select the most likely reason that Jen wasn't worried. She knew that laws prevented banks
from closing for good. She knew that her bank would open a new account for her at a different bank. She knew that her money was insured by the FDIC. She knew that banking rules required banks to give customers their money.
A: That is correct provided that the bank is a legit member of FDIC.
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Original conversation
User: In one or two sentences, describe the benefits of having a budget.

User: Jen heard that the bank where she kept her money was going to close for good. Jen said she wasn't worried. Select the most likely reason that Jen wasn't worried. She knew that laws prevented banks from closing for good. She knew that her bank would open a new account for her at a different bank. She knew that her money was insured by the FDIC. She knew that banking rules required banks to give customers their money.

Weegy: That is correct provided that the bank is a legit member of FDIC.
SarahGCarpio|Points 61|

User: A financial institution formed by a large corporation for their employees is a _____. bank savings and loan thrift credit union

Weegy: A financial institution formed by a large corporation for their employees is a bank.
jeifunk|Points 11722|

User: financial institution keeps your money in the vault. True False

User: The main types of financial institutions are _____. savings and loans banks stock firms financial advisors credit unions

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Asked 11/25/2013 12:49:42 PM
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