Complete Question:
If the bank goes out of business what is the maximum amount he could lose if the bank has FDIC coverage?
Answer:
$22,000
The FDIC covers $250,000 so the difference equals what he would loose.
B. -50 + 12 = 38
D
Step-by-step explanation:
1) Make sure the bottom numbers (the denominators) are the same.
2) Subtract the top numbers (the numerators). Put the answer over the same denominator.
3) Simplify the fraction (if needed).
Hope this helps!
