Sonia has $675,000 she wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing her money between three banks will guarantee that all of her money is insured?

Accepted Solution

Answer:In three ways .Step-by-step explanation:first way  if $250,000 deposite in one bank, $250,000 deposite in second bank and remaining money $175,000 in third bank .second way  if sonia deposite $200,000 in one bank , $250,000 deposite in second bank ,$225,000 deposite in third bank.third way if sonia deposite $225,000  in one bank ,$225,000 deposite  in second bank and $ 225,000 in third bank .