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Rolando had $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 had $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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Mar 7, 2018
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Rolando had $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?
Mathematics
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Darko Djuric
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the answer will be 120,000
Gert Beukema
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Mar 8, 2018
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I think Rolando would get back 120,000. Because the insurance limit is 250k, Rolando only put in 120k, so he should get everything back.
Jonah
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Mar 11, 2018
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