Consider the following information:
|
Depositor |
Details |
|
Mr. & Mrs. Jones, jointly |
Chequing $5,000 USD savings (in Canadian fund equivalent) $45,000 Money market mutual funds $75,000 3-year GICs $125,000 |
How much is the uninsured deposits in this joint account?
____
A) $75,000
B) $100,000
C) $120,000
D) $150,000
C: $120000
Chequing account and GICs are covered by FDIC. However money market mutual funds and USD savings (in Canadian fund equivalent) will not be covered.
Consider the following information: Depositor Details Mr. & Mrs. Jones, jointly Chequing
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