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Rolando has $120,000 in a CD at Big Bucks Bank, which just failed. If the FDIC insurance limit per depositor, per bank, is $250,000, how much will Rolando get back?
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Rolando has $120,000 in a CD at Big Bucks Bank, which just failed. If the FDIC insurance limit per depositor, per bank, is $250,000, how much will Rolando get back?

User Tenub
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6.3k points

1 Answer

4 votes

Answer:

120,000

Explanation:

Rolando would get back 120,000. Because the insurance limit is 250k, Rolando only put in 120k, so he should get everything back.

User Jonalvarezz
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5.7k points
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