Rolando had $120,000 in a CD at Big Bucks Bank, which just failed. If the FDIC insurance limit per depositor, per bank, is $250,000, how much will Rolando get back?
Mathematics · High School · Tue Nov 03 2020
llm
Answered on
Rolando get back all money that he deposite to bank is = 1,20,000$
Because bank limit for per deposited is 2,50,000$ but rolmado deposits 1,20,000$ only and above question doesn't mention any interest or money on the deposit money. And the money that Rolando deposit if failed so, he get all money back.