According to Application 7.2, "Am I Covered?,"if your bank fails and it is insured by the FDIC:
A) there is an upper limit to the amount that the FDIC will insure, regardless of how much you have in the financial institution.
B) the maximum amount that the FDIC will cover can be doubled if there are joint accounts.
C) it is better to open accounts in multiple financial institutions if you have accounts over the FDIC maximum insured amount.
D) all of the above.
Correct Answer:
Verified
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