Modules 108-110 Review Part 3

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Without using a bank or credit union, it costs money to cash a paycheck.

Both the Federal Deposit Insurance Corporation and the National Credit Union Share Insurance Fund insure deposits up to $250,000.

The Federal Deposit Insurance Corporation insures credit union deposits if the credit union fails.

Anyone can cash a paycheck at a credit union.

Over 25% of U.S. households surveyed by the FDIC are either unbanked or underbanked.

People must purchase one share of a commercial bank before they can become customers.

Savings accounts are offered at both a credit union and at a bank.

The insurance coverage for a failed bank is up to $250,000 per depositor.