Rolando has $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?

Question

asked Mar 23, 2020 91.1k views

1 Answer

Jonalvarezz · Answer 1 · 2020-03-26T23:34:04+0000

Answer:

120,000

Explanation:

Rolando would get back 120,000. Because the insurance limit is 250k, Rolando only put in 120k, so he should get everything back.