Laura Has a $100,000 Balance in Her Checking Account at Best

question 52

Multiple Choice

Laura has a $100,000 balance in her checking account at Best Bank, and she has purchased a certificate of deposit (CD) worth $50,000 issued by Best Bank. Laura is also thinking of investing $200,000 either in Best Bank or in Trust Bank. Which of the following is a suitable strategy for Laura if she wants her deposits to be completely insured?

• A) Laura should invest $200,000 in a money market deposit account (MMDA) of Best Bank.
• B) Laura should invest $100,000 in a money market deposit account (MMDA) of Best Bank and invest $100,000 in an asset management account of Best Bank.
• C) Laura should invest $100,000 in a money market deposit account (MMDA) of Best Bank and invest $100,000 in an asset management account of Trust Bank.
• D) Laura should invest $150,000 in a money market deposit account (MMDA) of Best Bank and invest $100,000 in an asset management account of Trust Bank.
• E) Laura should invest $150,000 in a money market deposit account (MMDA) of Best Bank and invest $200,000 in a money market deposit account (MMDA) of Trust Bank.

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Definitions:

Non-verbal Communication

Communication without words, which can include gestures, facial expressions, body language, and other physical cues.

Facial Expressions

The use of facial muscles to convey emotions, reactions, or attitudes, serving as a primary means of non-verbal communication.

Clothing

Garments worn on the body to protect, adorn, or express personal style and cultural identity.

Networks Of Connection

The web of relationships and interactions among individuals or entities, which can facilitate the flow of information and resources.