One Can Increase the Amount of Money Covered by FDIC

question 68

True/False

One can increase the amount of money covered by FDIC insurance by dividing his or her money among different branch offices of the same depository institution.

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Definitions:

Injuries

Physical or emotional harm caused to a person or damage to property.

Defective Product

A product that is unsafe, dangerous, or fails to meet normal standards of quality and performance, potentially causing harm to users.

Plaintiff's Negligence

A legal concept in personal injury cases where the plaintiff's own negligent actions contributed to their harm or loss.

Product Misuse

A defense against product liability that may be raised when the plaintiff used a product in a manner not intended by the manufacturer. If the misuse is reasonably foreseeable, the seller will not escape liability unless measures were taken to guard against the harm that could result from the misuse.