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What is insured money?

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What is insured money?

The question is from Insurance subject matter

I got this question in an online quiz.

Other related questions to my question are:

What is insured money?

How is your money insured up to how much money is insured?

What dollar amount is insured by FDIC?

What is the money in your account at the bank insured by?

How do I get around the FDIC limits?

What is the FDIC limit for 2021?

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Correct answer is: Unclaimed Deposits may include any item or negotiable instrument deposited in or issued by an FDIC Insured financial institution including checking or savings accounts, cashiers checks, official checks, money orders, Certificates of Deposit, IRA Accounts, and others collectively referred to as "deposits".

The title of my answer can be Federal Deposit Insurance Corporation (FDIC)

The reference of my answer is Unclaimed

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