Multiple Choice
You hold an FDIC insured savings account at your neighborhood bank jointly with your father.Each of you has contributed equally into the account.The current balance in the account is $120,000.If the bank fails each of you will receive:
A) $60,000
B) $50,000
C) $100,000
D) $120,000
Correct Answer:
Verified
Correct Answer:
Verified
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