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
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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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