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pashok25 [27]
3 years ago
10

Amelia had $175,000 in a CD at Treasure Trove Bank, which just failed. If the FDIC insurance limit per depositor per bank is $25

0,000, how much will Amelia get back?
A. $175,000
B. $75,000
C. $0
D. $250,000
Mathematics
2 answers:
uysha [10]3 years ago
6 0

Answer:

The correct option is A. Amelia will get $175,000.

Step-by-step explanation:

It is given that Amelia had $175,000 in a CD at Treasure Trove Bank, which just failed and FDIC insurance limit per depositor per bank is $250,000.

It means the FDIC insurance company will settle the loss till $250,000.

If the deposited amount of depositors is less than $250,000, then they will get their total deposited amount and if the deposited amount of depositors is greater than or equal to $250,000, then they will get only $250,000.

Since the deposited amount of Amelia is $175,000, which is less than $250,000, therefore she will get her total deposited amount.

175,000

Therefore correct option is A. Amelia will get $175,000.

3241004551 [841]3 years ago
6 0

Answer:

Option A

Step-by-step explanation:

Deposit amount of Amelia in CD at Treasure Trove Bank is $175,000 which just failed.

FDIC insurance limit per depositor per bank is $250,000.

It means,

1. Depositor will get their total amount if the amount is less than or equal to $250,000.

2. Depositor will get $250,000 if the amount is more than $250,000.

Her amount in CD at Treasure Trove Bank is $175,000, which is less than $250,000, therefore she will get her total amount, i.e., 175,000.

She will get $175,000. Therefore, the correct option is A.

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