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Which of the following statements is true with regard to SIPC and FDIC?

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Which of the following statements is true with regard to SIPC and FDIC?

A.

SIPC coverage is only for securities, and FDIC coverage is only for cash.

B.

SIPC protects brokerage accounts, and FDIC protects bank deposits.

C.

Money market mutual funds are covered by the FDIC and are not covered by SIPC.

D.

Securities held at broker-dealers are covered by the FDIC and are not covered by SIPC.

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