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Marge and Carlos have four joint accounts at ACME bank. The total value of all the accounts is $567,000. What would be the best option for Marge and Carlos to do to ensure that all their funds are adequately insured by the FDIC? Responses They should transfer $67,000 to a new joint account. They should transfer $67,000 to a new joint account. Marge and Carlos should each transfer $33,500 into a retirement account. Marge and Carlos should each transfer $33,500 into a retirement account. Marge should invest $317,000 into a personal savings account. Marge should invest $317,000 into a personal savings account. All of the funds in the four accounts are adequately insured because each account is covered by $250,000 for a total of $1,000,000.

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answer:

To ensure that all their funds are adequately insured by the FDIC, Marge and Carlos should choose the option that allows them to stay within the FDIC insurance limit. Currently, the FDIC insures deposits up to $250,000 per depositor, per insured bank.

In this case, the total value of all the accounts is $567,000. Since they have four joint accounts, each account is covered up to $250,000 by the FDIC. Therefore, the best option for Marge and Carlos to ensure that all their funds are adequately insured by the FDIC is:

All of the funds in the four accounts are adequately insured because each account is covered by $250,000 for a total of $1,000,000.

By keeping the funds distributed across the four accounts and staying within the FDIC insurance limit for each account, Marge and Carlos can ensure that all their funds are adequately insured.

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