Finance
In New Mexico, which federal agency insures deposits in savings and loan associations and savings banks?
AFederal Reserve
BFederal Deposit Insurance Corporation (FDIC)✓ Correct
CNational Credit Union Administration (NCUA)
DSecurities and Exchange Commission (SEC)
Explanation
The FDIC insures deposits in banks and savings institutions (savings banks and savings associations). The NCUA insures credit union deposits. The Federal Reserve regulates banks but does not insure deposits. The SEC regulates securities markets.
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