Exam 5: Financial Services: Savings Plans and Payment Accounts

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An advantage credit unions may have over other financial institutions is:

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A restrictive endorsement on a check to be deposited consists of the words "for deposit only."

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The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution.Suzanne has $520,000 in a joint account with her husband,Ted.How much is not covered by FDIC insurance?

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