The Federal Deposit Insurance Corporation announced February 23 that 140 banks failed in 2009 -- the highest number of failures since 1992. It also said there were 702 financial institutions on its “problem list.”
Most people know that the Federal Deposit Insurance Corporation guarantees depositors' cash should a bank fail. But for how much? And for which accounts? Take our Is Your Money Safe? quiz to find out if your deposits are protected.
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