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What is the FDIC's guarantee regarding insured funds?
Partial reimbursement
Full reimbursement up to the insurance limit
No guarantee
Full reimbursement regardless of the amount
Answer
The FDIC guarantees that depositors will receive full reimbursement up to the insurance limit, which is currently $250,000 per ownership category. Since its inception in 1933, no depositor has ever lost a penny of FDIC-insured funds.
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