If Lois has $2,000 in checking,$50,000 in a money market account,and $75,000 in certificates of deposit (all individual accounts)at her local bank,her accounts would be insured through FDIC for $100,000.

Question

Quizplus · Accepted Answer

The FDIC insures up to $250,000 per depositor, per insured bank, for each account ownership category. Therefore, Lois's accounts would be insured for the full $127,000 she has deposited.

If Lois Has $2,000 in Checking,$50,000 in a Money Market