Each depositor insured to at least $250,000 per insured bank

6. If you picked "False" you are correct.

Crooks know that consumers trust cashier's checks, money orders and other official bank checks because the money is already set aside at the bank. That's why con artists are increasingly counterfeiting official checks, especially for use when dealing with consumers long-distance over the Internet but also in face-to-face transactions, such as trying to cheat someone selling a used car through an ad in the local paper. See full story...

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