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How large would Barnetts uninsured deposits be in these FDIC-insured banks if the funds were held at the same point in time? Use a $100,000
How large would Barnetts uninsured deposits be in these FDIC-insured banks if the funds were held at the same point in time?
Use a $100,000 deposit limit.
a. Barnett owns a joint account with his sister for $175,000 in Metro Bank.
b. Barnett owns an account in his name only for $80,000 in Metro Bank.
c. Barnett owns a joint account with his wife for $455,000 in Rural Bank.
d. Barnett owns a joint account with his parents for $530,000 in Rural Bank.
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