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3241004551 [841]
2 years ago
14

Meredith has $630,000 she wants to save. If the FDIC insurance limit per

Mathematics
1 answer:
Viefleur [7K]2 years ago
3 0

Answer:

$200,000 in bank A, $200,000 in bank B, $230,000 in bank C

Step-by-step explanation:

Meredith has $630,000

Limit per depositor, per bank, is $250,000

She needs to distribute her money between three Banks to guarantee that her money is insured.

A. $200,000 in bank A, $200,000 in bank B, $230,000 in bank C

It can be seen in A that her deposit per bank deposit didn't exceed the $250,000 limit in the three Banks.

B. $200,000 in bank A, $170,000 in bank B, $260,000 in bank C

Here, her deposit in bank C exceeds $250,000, so there is no guarantee for insurance in bank C

C. $160,000 in bank A, $180,000 in bank B, $290,000 in bank C

Her deposit in bank C is $290,000 which exceeds the $250,000 limit. Therefore, no guarantee for insurance of her money in bank C

D. $160,000 in bank A, $200,000 in bank B, $270,000 in bank C

you

Also, her deposit in bank C exceeds $250,000, so there is no guarantee for insurance in bank C

The way her money can be distributed between three Banks and guarantee insurance is

A. $200,000 in bank A, $200,000 in bank B, $230,000 in bank C.

That way, her deposit per bank is less than the $250,000 limit

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