Business, 18.12.2020 14:00 dwavy29

You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?

A. You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B. You would lose all of your money.
C. You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.

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You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the tell...

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