After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife Cynthia have three accounts at ABC Bank & Trust, one joint account with a balance of $59,949 and two individual accounts - his has a $112,488 balance and hers has a $253,486 balance. What amount of FDIC coverage do Tony and Cynthia have on their accounts? What amount of FDIC coverage do Tony and Cynthia have on their accounts? (Select the best answer below.) O A. Tony and Cynthia have a total of $425,923 in this institution. Each institution is insured up to $250,000, so they are over the insurance limit by $175,923 and should move money into other institutions. OB. Tony's account balance of $112,488 is completely covered as is their joint account of $59,949; both accounts are under the $250,000 FDIC limit. Cynthia's account is over the insurance limit by $3,486, but their money would be covered if she moved some into their joint account or into another institution. OC. Tony's account balance of $112,488 is not covered and neither is their joint account of $59,949. This is because Cynthia's account balance of $253,486 is over the insurance limit by $3,486, therefore the institution does not have to insure any of their accounts. OD. Tony's account balance of $112,488 is completely covered as is their joint account of $59,949; both accounts are under the $250,000 FDIC limit. Cynthia's account is over the insurance limit by $3,486, but is fully insured because they only have $59,949 in their joint account