Answers Financial Math - MA2007 CR Government AgenciesQuestion 10

10

QuizMultiple Choice

Government Agencies

Question 10 • Financial Math - MA2007 CR

If the FDIC charges Bank E 2.4 cents per 100 dollars insured, how much must Bank E pay to insure $4.8 million in deposits?

Answer

A

$1,152

B

$115,200

C

$2,112

D

$211,200

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