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...

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Filing taxes early helps catch errors, avoid last-minute stress, and get refunds sooner when you’re owed one.

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.