Ask Question
5 February, 05:33

Ramesh has $272,000 in a cd at a local bank. If the bank goes out of business what is the maximum amount he could loose

+4
Answers (1)
  1. 5 February, 07:17
    0
    Complete Question:

    If the bank goes out of business what is the maximum amount he could lose if the bank has FDIC coverage?

    Answer:

    $22,000

    The FDIC covers $250,000 so the difference equals what he would loose.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ramesh has $272,000 in a cd at a local bank. If the bank goes out of business what is the maximum amount he could loose ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers