rabjohnamanda
Answered

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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

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