Which of the following accounts are insured by the FDIC?

The correct answer highlights the types of accounts that are insured by the FDIC, which includes checking accounts, savings accounts, and certificates of deposit. This insurance is crucial for depositors because it guarantees protection of their funds in the event of a bank failure, up to applicable limits.

Checking accounts and money market deposit accounts are indeed insured, but it is essential to recognize that this answer overlooks other insured account types like savings accounts and certificates of deposit, which are also covered by FDIC insurance. The FDIC’s insurance covers various types of deposit accounts held in federally insured banks, thus providing a safety net for consumers.

Checking accounts, savings accounts, and certificates of deposit are the most common types of financial accounts that FDIC insurance encompasses, ensuring that depositors can maintain their trust in the banking system. This broad coverage safeguards an extensive range of consumer accounts, reflecting the FDIC’s commitment to protecting the assets of depositors.