You Have Savings Accounts at Two Separately FDIC Insured Banks

question 8

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. If both banks fail, you will receive:

• A) $250,000.
• B) $60,000.
• C) $260,000.
• D) $200,000.

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Definitions:

Status Quo

The existing state of affairs, particularly in terms of social or political issues.

Opportunity-driven

Entrepreneurship or actions motivated by the identification and exploitation of business opportunities.

Troika

Originally a Russian term for a sled or carriage drawn by three horses, now often used metaphorically to refer to a group of three powerful or notable people or entities.

Entrepreneurial Attribute

Qualities or characteristics that are commonly found in successful entrepreneurs, such as creativity, resilience, and risk-taking.