Ross has a checking account with $50,000 and savings account with $250,000 at SunTrust Bank. He...
- Ross has a checking account with $50,000 and savings account with $250,000 at SunTrust Bank. He has an IRA account at SunTrust Bank with $500,000 in it. He and his wife have a certificate of deposit at SunTrust Bank worth $100,000. How much would FDIC insurance pay if SunTrust Bank failed?
Homework Answers
Answer) $500,000
- if SunTrust bank fails, FDIC insurance will pay $250,000 each to husband and wife.
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Ross has a checking account with $50,000 and savings account
with $250,000 at SunTrust Bank. He...
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