Janie Long Has Checking and Savings Accounts in a Federally

question 145

Multiple Choice

Janie Long has checking and savings accounts in a federally insured financial institution.The maximum amount of her insurance coverage is

• A)$50,000 per account.
• B)$250,000.
• C)$100,000 per account.
• D)$200,000.
• E)$200,000 per account.

---

Definitions:

Strict-Liability Offenses

Crimes for which the perpetrator can be held liable regardless of intent or state of mind at the time of committing the act.

Mens Rea

A legal principle referring to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.

Wrongful State of Mind

A mental state reflecting intent to deceive, commit fraud, or misconduct, often relevant in legal cases assessing punitive damages or criminal intent.

Embezzlement

The act of withholding assets for the purpose of conversion of such assets, by one or more individuals to whom the assets were entrusted, either to be held or to be used for specific purposes.