3
QuizMultiple Choice

Government Agencies

Question 3 • Financial Math - MA2007 CR

If the FDIC has an insurance fund of $67.8 billion and must use 7.6% of it to cover several failed banks, approximately how much money is left in the fund?

Answer
A
$5,153 million
B
$57.49 billion
C
$72.95 billion
D
$62.65 billion

Explanation

The amount remaining is 100% − 7.6% = 92.4% of the $67.8 billion fund. Calculating $67.8 billion × 0.924 gives about $62.65 billion, so the correct choice is $62.65 billion.

AI-written and checked against the verified answer.

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