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1 year ago

Gordon had $200,000 in a CD at Lots

Mathematics

1 answer:

Burka [1]1 year ago

7 0

Given the FDIC insurance limit, the amount that Gordon would get back is $200,000.

<h3>How much would Gordon get back?</h3>

The Federal Deposit Insurance Corporation (FDIC) was established after the great depression with the aim of insuring the deposits of customers in banks.

If the limit on insurance is $250,000, depositors with $250,000 or less would get the full amount of their deposits in case of bank failure. If the deposit is greater than $250,000, they would get $250,000.

To learn more about the FDIC, please check: brainly.com/question/827771

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