Question 1 2 pts The Federal Deposit Insurance Corporation (FDIC) insures accounts in credit unions commercial banks and credit unions commercial banks brokerage accounts Question 2 2 pts Tom and Mindy want to keep $420,000 in cash equivalents that are federally insured. They could accomplish this by dividing it equally into two different joint accounts in two different federally insured savings banks. putting $75,000 in two joint accounts in different branches of the same bank. investing $170,000 in a money market mutual fund and $250,000 in a federally insured credit union. dividing it equally into three different joint accounts in the same federally insured bank. Question 3 2 pts When an account pays one rate of interest on a minimum amount on deposit and a higher rate of interest on additional deposits, this is called ___ interest. variable compound tiered none of these Question 4 2 pts In general, you will receive higher rates of interest on your certificate of deposit the ____ the maturity and the ___ the dollar amount invested. longer larger shorter, smaller longer; smaller shorter: larger Question 5 2 pts Which of the following could be the most expensive way of protecting yourself from fees should you overdraft your checking account? An automatic overdraft loan agreement Opt-in overdraft/bounce protection An automatic funds transfer agreement O Paying the overdraft/bounced check fee