Xavier deposited $75,000 in various individual accounts at his local credit union. He and his wife also have a joint savings account worth $34,500. What portion of these deposits is insured?

$109,500

Explanation:

The NCUA insures credit union funds up to $250,000 per depositor. However as Xavier has opened multiple accounts he will have increased coverage above this amount. Since they are insured seperately.

His accounts along with his joint account should be fully insured for the sum of $109,500. Since this amount is not up to $250,000.

Credit union deposits are covered by the NCUSIF protection. Member's accounts are covered dolloar-for-dollar including principal and any interest that has accrued to the date of the union closure. Insurance amount paid is dependent on limit.

$109,500

Explanation:

The FDIC—short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. FDIC protects the deposits of any individual or entity in insured bank across the United States against loss, the depositor does not have to be a citizen to be insured.

For a single person, the FDIC insures all deposits made by an individual to same bank even under different accounts up to a total of $250,000 provided some conditions have been met.

For a joint account, A joint account is an account owned by two or more persons. The FDIC also insures all deposits made into a joint account provided the owners of the account are living people, co-owners have equal rights to withdraw from the account and co-owners have personally signed. If these requirements are met, each owner's shares of the joint account are added together and insured up to $250,000. In some condition, the insured amount can be increased to $500,000.

Therefore, the total amount ($109,500) deposited by Xavier and those in a joint account with his wife will be insured.

the earnings of a typical investor is around $1,000,000 to $10,000,000

hope this !

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