The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne...

The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne has $547,000 in a joint account with her husband, Ted. How much is not covered by FDIC insurance?

A. $611,500

B. $48,050

C. $250,000

D. $0

E. $47,000

Expert Solution

Amount not insured = deposit-guarantee per person*number of persons = 547000-250000*2 = 47000

jeff jeffy answered 2 years ago

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