Which of the following is NOT among those who are protecting your mone

QUESTION

Which of the following is NOT among those who are protecting your money in banks?

A) Federal Deposit Insurance Corporation
B) Savings Association Insurance Fund
C) National Credit Union Administration
D) New York Stock Exchange
E) Federal Reserve

ANSWER

Answer: D
Explanation: D) The three major sources of government banking deposit protection are the Federal Deposit Insurance Corporation, the Savings Association Insurance Fund, and the National Credit Union Administration. The Fed, through regulation, also indirectly protects your money. The stock market does not.