Andrea has three types of deposits at her credit union. She has a checking account in her own name worth $32,000, a joint savings account with her husband, which currently holds $95,000, and an IRA account worth $125,449. Her deposits are at risk because they exceed the $250,000 limit on insurance coverage by NCUA.
Correct Answer:
Verified
Q126: Because they charge higher interest rates, commercial
Q127: The FDIC traditionally protects depositors up to
Q131: The FDIC exists to maintain the public's
Q137: Last week Dave was looking for a
Q138: The ability to access funds without a
Q139: The National Credit Union Administration provides coverage
Q142: High start-up costs cause Internet banks to
Q144: A newer product is the payroll debit
Q146: Cory worries that his $7,537 in a
Q152: Electronic funds transfer (EFT) tools include debit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents