Gwen had three accounts as listed here.In 2011,how much was her total coverage by the FDIC?
• Bank A: $250,000
• Bank B: $50,000
• Bank C: $275,000

Name: Gwen had three accounts as listed here.In 2011,how much was her total coverage by the FDIC? • Bank A: $250,000 • Bank B: $50,000 • Bank C: $275,000
Brand: Quizplus
Rating: 4.8 (64 reviews)

Question

Quizplus · Accepted Answer

The FDIC insures up to $250,000 per depositor, per insured bank. Therefore, Gwen's total coverage is $250,000 from Bank A, $50,000 from Bank B, and $250,000 from Bank C, totaling $550,000.

Gwen Had Three Accounts as Listed Here