Evan Had Three Accounts as Listed Below

question 106

Multiple Choice

Evan had three accounts as listed below. In 2014, how much was his total insurance coverage by the FDIC?
• Bank A: $150,000
• Bank B: $50,000
• Bank C: $350,000

• A) $150,000
• B) $200,000
• C) $350,000
• D) $450,000
• E) $550,000

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Definitions:

Government Agency

An organization operated by the government to execute specific functions or provide services to the public.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.

Price Level

An index that measures the average prices of goods and services in an economy over a period of time.

Given Up

The cost of forgoing the next best alternative when making a decision, also known as opportunity cost.