MCQs > Finance & Management > Retail Banking Industry And Processes > What amount would a customer be covered for by the FDIC if he/she had $250,000 in savings at Bank XYZ, and also $50,000 in a retirement account with the same bank?

Retail Banking Industry And Processes MCQs

What amount would a customer be covered for by the FDIC if he/she had $250,000 in savings at Bank XYZ, and also $50,000 in a retirement account with the same bank?

Answer

Correct Answer: $300,000

Explanation:

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