After Bob and Jillian Deposited Nearly $30,000 in a Savings

After Bob and Jillian deposited nearly $30,000 in a savings account at Farmers National Bank, the bank failed and filed for bankruptcy. Because the Farmers National Bank was an FDIC member bank, Bob and Jillian:

A) should be protected because their account is fully insured by the FDIC.
B) can recover up to $20,000, but they will probably lose the rest since their deposits exceed the maximum coverage offered by the FDIC.
C) will lose their savings because the FDIC only insures business deposits.
D) will be eligible to recover 80 percent of the value of their deposit, less a $2,500 deductible.