In 2007, the FDIC’s insurance limit was $100,000 per person per bank. Approximately 62% of Gil’s deposits were insured by the FDIC. Which of the following was a possible setup for Gil’s deposits

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30-11-2016
Social Studies

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In 2007, the FDIC’s insurance limit was $100,000 per person per bank. Approximately 62% of Gil’s deposits were insured by the FDIC. Which of the following was a possible setup for Gil’s deposits

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metchelle metchelle · Answer 1 · 2016-12-05T17:53:59+01:00

Here is the answer to the given question above:
A $108,000 savings account and $46,000 CD at Bank T; a $36,000 money market account and $38,000 CD at Bank U; a $63,000 checking account, $80,000 savings account, and $70,000 money market account at Bank V.
FDIC or Federal Deposit Insurance Corporation supervises state-chartered banks that are not members of the Federal Reserve System (Fed), and insures deposits at banks and savings and loans.

kaitlinpinder410 kaitlinpinder410 · Answer 2 · 2018-09-25T23:51:47+02:00

kaitlinpinder410 kaitlinpinder410

25-09-2018

The correct answer is D

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