Question

Which of the following is not protected by the FDIC?
a.
Safety deposit boxes
b.
Savings accounts
c.
Checking accounts
d.
Certificates of Deposit (“CDs”)

Answer 1

@SolomonZelman

Answer 2

If the NCUA charges 6.3 cents per 100 dollars insured and Credit Union L pays $8,445 in NCUA insurance premiums, approximately how much is in Credit Union L’s insured deposits?
a.
$1.2 million
b.
$5.3 million
c.
$13.4 million
d.
$20.6 million

Answer 3

@zepdrix

Answer 4

@Skielerlucas04

Answer 5

@dan815

Answer 6

@Gisellev97

Answer 7

just answer the second one

Answer 8

jeez, tough question lol but ill see what i can do

Answer 9

its either B or C

Answer 10

what would you choose?

Answer 11

honestly, i would choose C. hopes that helps :)

Answer 12

YOU GET A A++++++++

Answer 13

yay, medal please? :3

Answer 14

The answer to the first question is supposed to be Choice a., but Choice a. should read "Safe-deposit box" not "safety deposit box."
Safety deposit box is a common mistake.

Answer 15

The answer to the 2nd question is:

6.3 cents per $100 is the same as 6.3 cents per 10,000 cents.
6.3/10000 = 0.00063
$8445/0.00063 = 13,400,000