To determine which of the setups for Gil's deposits is possible given the FDIC insurance limit, we need to check if the total deposits in each setup are within the insured limit.
The FDIC insurance limit was $100,000 per person per bank in 2007, and approximately 62% of Gil's deposits were insured.
Let's evaluate each setup:
A. $108,000 savings account and $46,000 CD at Bank T:
Total deposits = $108,000 + $46,000 = $154,000
62% of $154,000 = 0.62 * $154,000 ≈ $95,480 (insured)
B. $36,000 money market account and $38,000 CD at Bank U:
Total deposits = $36,000 + $38,000 = $74,000
62% of $74,000 = 0.62 * $74,000 ≈ $45,880 (insured)
C. $63,000 checking account, $80,000 savings account, and $70,000 money market account at Bank V:
Total deposits = $63,000 + $80,000 + $70,000 = $213,000
62% of $213,000 = 0.62 * $213,000 ≈ $132,060 (insured)
Among the options provided, setup C has total deposits that are within the FDIC insurance limit, and approximately 62% of those deposits are insured. So, option C, which includes a $63,000 checking account, $80,000 savings account, and $70,000 money market account at Bank V, is a possible setup for Gil's deposits.