1. You have $500,000 to deposit in a bank account. What should you do with this deposit to be certain it is insured?

Split it in half and deposit it in two separate savings accounts at different commercial banks.

Deposit all of the money in one savings account in a commercial bank.

Deposit all of the money in one checking account in a commercial bank.

Split it in half and deposit it in two separate savings accounts at different brokerage firms.