You Have Savings Accounts at Two Separately FDIC Insured Banks

question 100

Multiple Choice

You have savings accounts at two separately FDIC insured banks.At one of the banks your account has a balance of $200,000.At the other bank the account balance is $60,000.You find out the banks are going to merge.If you are concerned about the possibility of the new bank failing, you should:

• A)Do nothing; you are still insured up $250,000 per account
• B)Consider moving $10,000 to another account at the same bank
• C)Consider moving $10,000 to another account at a different bank
• D)Do nothing; as an individual you are only insured up $250,000 no matter where the accounts are

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Definitions:

Outcome Fairness

The degree to which the outcomes received from organizational processes are perceived to be fair and equitable by the parties involved.

Procedurally Just

Procedurally just refers to processes and decisions that are made through fair, transparent, and impartial procedures, often in legal and organizational contexts.

Dignity and Respect

The principle of treating individuals with a sense of worthiness and honor, ensuring that they feel valued and respected.

Procedural Justice

The perception of fairness in the processes and procedures that resolve disputes, allocate resources, or make decisions.