From the references to this game in the Rg Veda and the Atharva Veda and in the Buddhists and Jaina books, it must have been very popular in ancient India. The Persian term Chatrang and the Arabic Shatrang are forms of the Sanskrit Chaturanga.
FDIC Insurance. Get to know your coverage and ways to ramp it up. You can never be too protected, and FDIC insurance is your safety net in the unlikely event of bank failure. Today's standard limit on FDIC coverage is set at $250,000 per depositor, per insured bank, for each account ownership category.
In these rare cases, your money is protected as long as a bank is federally insured. That means backing by the Federal Deposit Insurance Corp. (Credit unions offer this security as well, through the National Credit Union Administration.) Hereâs a look at what the FDIC is, what it covers and how it guards your hard-earned money. The idea behind FDIC insurance. The FDIC was established in 1933 in response to the many bank failures during the Great Depression. It was meant to (and still does) promote public confidence in the banking system by insuring consumersâ deposits. In 2015, eight banks failed, but during the Great Recession, dozens went under. Still, since the creation of the FDIC, not one cent of insured deposits has been lost. Banks are not insured by default; like most forms of insurance, it comes at a cost. But you donât pay a monthly fee, nor do your tax dollars foot the bill. The bank pays the premiums. The FDIC insures up to $250,000 per depositor, per institution and per ownership category. FDIC insurance covers deposit accounts â checking, savings and money market accounts and certificates of deposit â and kicks in only in the event a bank fails.