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Years ago, your great-grandparents lost a significant amount of money during a bank run in the Great Depression. As a result, it has always been
Years ago, your great-grandparents lost a significant amount of money during a bank run in the Great Depression. As a result, it has always been important to you to keep your money secure and insured. You recently sold a business and now have $500,000 to set aside. You consult an investment advisor and he offers you some options. Because the safety of your money is the primary concern, the option you choose is: a. Two separate $250,000 savings accounts in your name at an FDIC-insured bank. b. Two separate $250,000 municipal bonds purchased at an FDIC-insured bank. c. Two separate $250,000 savings accounts at an FDIC-insured bank, one in your name and one in a joint account with your spouse. d. Two separate mutual fund accounts purchased at an FDIC-insured bank, one in your name and one in a joint account with your spouse
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