Respuesta :
Answer:
The correct option is A. Amelia will get $175,000.
Step-by-step explanation:
It is given that Amelia had $175,000 in a CD at Treasure Trove Bank, which just failed and FDIC insurance limit per depositor per bank is $250,000.
It means the FDIC insurance company will settle the loss till $250,000.
If the deposited amount of depositors is less than $250,000, then they will get their total deposited amount and if the deposited amount of depositors is greater than or equal to $250,000, then they will get only $250,000.
Since the deposited amount of Amelia is $175,000, which is less than $250,000, therefore she will get her total deposited amount.
[tex]175,000<250,000[/tex]
Therefore correct option is A. Amelia will get $175,000.
Answer:
Option A
Step-by-step explanation:
Deposit amount of Amelia in CD at Treasure Trove Bank is $175,000 which just failed.
FDIC insurance limit per depositor per bank is $250,000.
It means,
1. Depositor will get their total amount if the amount is less than or equal to $250,000.
2. Depositor will get $250,000 if the amount is more than $250,000.
Her amount in CD at Treasure Trove Bank is $175,000, which is less than $250,000, therefore she will get her total amount, i.e., 175,000.
She will get $175,000. Therefore, the correct option is A.
