Question: Tom and Mindy want to keep $420,000 in cash equivalents that are federally insured. They could accomplish this by:

a) putting $75,000 in two joint accounts in different branches of the same bank

b) dividing it equally into two different joint accounts in two different federally insured savigs banks

c) dividing it equally into three different joint accounts in the same federally insured bank

d) investing $170,000 in a money market mutual fund and $250,000 in a federally insured credit union