Laura keeps only $250,000 combined in her savings and checking accounts at Union Bank because she knows that

Question

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The maximum amount insured per depositor by the Federal Deposit Insurance Corporation (FDIC) is currently $250,000. Laura's decision to keep only $250,000 combined in her savings and checking accounts at Union Bank is a wise one as it ensures that her deposits are fully protected in case of bank failure or other unforeseen circumstances.

Laura Keeps Only $250,000 Combined in Her Savings and Checking