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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
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
$ comma
and two individual
accountslong dashhis
has a
$ comma
balance and hers has a
$ comma
balance. What amount of FDIC coverage do Tony and Cynthia have on their accounts?
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