Connie has $660,000 she wants to save. if the fdic insurance limit per depositor, per bank, is $250,000, which of these ways of distributing her money between three banks will guarantee that all of her money is insured? o a. $220,000 in bank a, $160,000 in bank b, $280,000 in bank c o b. $180,000 in bank a, $220,000 in bank b, $260,000 in bank c o c. $220,000 in bank a, $300,000 in bank b, $140,000 in bank c o d. $180,000 in bank a, $240,000 in bank b, $240,000 in bank c submit

The answer would be D) $180,000 in bank A, $240,000 in bank B, $240,000 in bank C.

Step-by-step explanation:

You can immediately eliminate A, B and C because the question clearly states that the limit per bank is $250,000.

D. $180,000 in bank A, $240,000 in bank B, $240,000 in bank C

Step-by-step explanation:

She needs to deposit less than $250,000 in each bank in order to be able to have that sum of money insured, in this case she could deposit it this way:

$250,000

$250,000

$160,000

But that could be too risky and too on the verge of not being accepted, you she just takes $10,000 out of every $250,000 deposits to make them $240,00, and add it to the $160,000 deposit, so she is left with three deposits of:

$240,000

$240,000

$180,000

And with this she makes sure all of her deposits are insured by staying below the $250,000 limit.

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