A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

Rolando had $120,000 in a CD at Big Bucks Bank, which just failed. If the FDIC insurance limit per depositor, per bank, is $250,000, how much will Rolando get back? A. $0 B. $120,000 C. $130,000 D. $250,000

  • This Question is Closed
  1. jojokiw3
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Insurance is usually a backup plan for a worst case scenario, they don't pay you extra.

  2. jojokiw3
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    You pay them monthly, then, when you screw up, they fix whatever you screwed up.

  3. leticiau
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    i think the answer is C

  4. jojokiw3
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    lol. I think it's B, but alright.

  5. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    il let you know if its correct or not

  6. leticiau
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    why would it be B?

  7. jojokiw3
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Well it's talking about how Rolando's insured CD was broken, thus it only makes sense that the insurance company refunds him the exact amount in his CD.

  8. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    il let you know if its correct or not

  9. leticiau
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    ok

  10. anwaarullah
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    it should be B

  11. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.