Finance
In Hawaii, which entity insures deposits in savings and loan associations and savings banks that provide mortgage loans?
AA. The Federal Reserve
BB. The FDIC (Federal Deposit Insurance Corporation)✓ Correct
CC. The FHLMC (Freddie Mac)
DD. The Hawaii Department of Financial Institutions
Explanation
The FDIC insures deposits at banks, savings associations, and savings banks up to $250,000 per depositor, per insured bank.
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