Anna recently opened a savings account and made three deposits in the amounts of $100,000,$65,000,and $200,000.If the Great Depression was to occur again and the bank closed,how much money would Anna be insured for?
A)$365,000
B)$200,000
C)$250,000
D)$100,000

Question

Quizplus · Accepted Answer

The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, per insured bank. Since Anna's total deposits add up to $365,000, the maximum amount she would be insured for is $250,000. Therefore, the correct answer is choice C.

Anna Recently Opened a Savings Account and Made Three Deposits