If You Have $2 Million in a CD at a Commercial

question 135

Multiple Choice

If you have $2 million in a CD at a commercial bank that is a member of the FDIC,how much of your funds are uninsured?

• A) $0
• B) $1 million
• C) $1.75 million
• D) $2 million

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Definitions:

Doggie Day Care

A service that provides temporary care and activities for dogs during the day.

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods and services.

Labor

Utilization of human mental and physical effort in the production process of goods and services.

Capital

Wealth in the form of money or assets, used or available for use in the production of more wealth.