If Lois has $2,000 in checking,$50,000 in a money market mutual fund,and $75,000 in certificates of deposit (all individual accounts)at her local bank,her accounts would be insured through FDIC for $77,000.

Question

Quizplus · Accepted Answer

The FDIC insures individual accounts up to $250,000, so Lois's accounts would be insured for the sum of $127,000, not $77,000 as stated in the question.

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