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Mr. Scout has an individual share savings account, a share draft account and an IRA, each at a separate branch. The combined balance of these
Mr. Scout has an individual share savings account, a share draft account and an IRA, each at a separate branch. The combined balance of these accounts is $500,000. It breaks down this way: ($200,000 in share savings) + ($50,000 in share draft) + ($250,000 in an IRA). How much NCUA insurance does he have on his money? A. 250,000, because the NCUA covers only the total of all individual accounts B. $750,000, because the NCUA covers accounts at each branch C. $500,000, because the NCUA covers accounts at one institution, not at each of its branches
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