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Rolando had $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?

Rolando had $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?
asked 80.7k views
1 vote
Rolando had $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?

asked
User Darko Djuric
by
8.0k points

2 Answers

6 votes

the answer will be 120,000


answered
User Gert Beukema
by
8.3k points
2 votes
I think Rolando would get back 120,000. Because the insurance limit is 250k, Rolando only put in 120k, so he should get everything back.
answered
User Jonah
by
7.4k points
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