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Use the following deposit information to answer items 1-3.Assume all Joint accounts are equal ownership. Account Checking Savings CD1 CD2 Money Market Bob sole $54,000
Use the following deposit information to answer items 1-3.Assume all Joint accounts are equal ownership.
Account | Checking | Savings | CD1 | CD2 | Money Market |
Bob sole $54,000 | Bob and Tina joint $300,000 | Tina IRA $220,000 | Bob IRA $175,000 | Bob and Tina joint $160,000 | |
Tina sole $125,000 | Tina sole $200,000 | Tina and Patty joint $400,000 | |||
Patty sole $25,000 | Patty sole $145,000 | Patty sole $90,000 |
1. How much if any, of Bobs deposits at this bank are NOT insured by FDIC?
2. How much if any, of Tinas deposits at this bank are NOT insured by FDIC?
3. How much if any, of Pattys deposits at this bank are NOT insured by FDIC?
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