Question

If you have $21,000 in your FDIC insured bank account and your bank goes bankrupt, you will receive

A. $5,000

B.12,000

C.21,000

D.$42,000

E.Nothing

Answer 1

Nothing in your bank account

Answer 2

ANSWER: E. Nothing

Bankrupt is in a way like when everything is gone

For example

If someones parent goes bankrupt you’ll maybe need to sell your house or a couple valued items because you have nothing