rabjohnamanda
Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Gordon had $200,000 in a CD at Lots
a Loot Bank, which just failed. If the
FDIC insurance limit per depositor,
per bank, is $250,000, how much
will Gordon get back?

Sagot :

Given the FDIC insurance limit, the amount that Gordon would get back is $200,000.

How much would Gordon get back?

The Federal Deposit  Insurance Corporation (FDIC) was established after the great depression with the aim of insuring the deposits of customers in banks.

If the limit on insurance is $250,000, depositors with $250,000 or less would get the full amount of their deposits in case of bank failure. If the deposit is greater than $250,000, they would get $250,000.

To learn more about the FDIC, please check: https://brainly.com/question/827771

#SPJ1

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.