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

Question

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

jojokiw3 · Answer

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

jojokiw3 · Answer

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

leticiau · Answer

i think the answer is C

jojokiw3 · Answer

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

anonymous · Answer

il let you know if its correct or not

leticiau · Answer

why would it be B?

jojokiw3 · Answer

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.

anonymous · Answer

il let you know if its correct or not

leticiau · Answer

ok

anwaarullah · Answer

it should be B