155k views
4 votes
The maximum amount the Guaranty Fund can pay an aggrieved person, per offense

a) $5,000
b) $10,000
c) $15,000
d) $20,000

User Fezzo
by
8.1k points

1 Answer

5 votes

Final answer:

Without specific information about the Guaranty Fund in question, it's not possible to determine the correct maximum payout amount. The references provided do not contain the necessary details to answer the question. Guaranty Funds can vary greatly depending on the specific fund and regulations governing it.

Step-by-step explanation:

The subject of the question pertains to the maximum payout limit of a Guaranty Fund for an aggrieved person, per offense. Unfortunately, based on the provided reference information which appears to relate to different financial and insurance topics such as tax brackets and deposit insurance, there is not enough context to accurately determine the maximum amount the Guaranty Fund can pay. The Guaranty Fund is often a legal reserve established to compensate clients or depositors when their financial institutions or service providers fail to meet financial obligations. However, without the specific details of the fund in question (which can vary by state, country, or specific policy), an accurate figure cannot be provided.

For example, the information on deposit insurance indicates that the Federal Deposit Insurance Corporation (FDIC) covers bank deposits up to $250,000, which is a different concept from a guaranty fund that might apply to other industries or services. It seems the question is related to a specific Guaranty Fund's limit on individual claims, but the provided references do not contain this specific information.

User Jessica Brown
by
8.2k points

Related questions