that is incorrect.
The correct answer is "False." FDIC insurance protects only
deposits. Products such as mutual funds, annuities, stocks, bonds, life insurance policies
and U.S. Treasury securities are not deposits and are not protected by the FDIC.
Nondeposit investments are subject to investment risks, including the possible loss of
principal, even if you bought them in your bank's lobby or otherwise through an
FDIC-insured institution. Although Treasury securities are not insured by the FDIC, they
are backed by the full faith and credit of the U.S. government.