Question

arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money is insured?

Answer 1

divide 690,000 by 3

690000/3 = 230,000 so he can put 230000 in each bank since that is less than the 250000 they insure