According to the Turkish Deposit Insurance Agency =TMSF (Tasarruf Mevduat Sigorta Fonu) a person's accounts held in

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Question:

According to the Turkish Deposit Insurance Agency =TMSF (Tasarruf Mevduatı Sigorta Fonu) a person's accounts held in a bank are insured up to 400,000 TL (four hundred thousand TL). Answer the following questions:

a) Ayşe has deposits of 250,000TL at XXX Bank Adana branch, 500,000TL YYY Bank Izmir branch. Suppose both banks go bankrupt. How much will Ayşe receive from TMSF?

b) Ali has deposits of 350,000 TL at XXX Bank Adana branch, 350,000 TL at YYY Bank Izmir Branch and 350,000 TL at ZZZ Bank Muğla branch. Suppose all 3 banks go bankrupt. How much will Ali receive from TMSF?

c) Suppose Lerzan has deposits of 350,000 TL at XXX Bank Adana branch, 350,000 TL at XXX Bank Izmir Branch and 350,000 TL at XXX Bank Muğla branch. Suppose XXX bank goes bankrupt. How much will Lerzan receive from TMSF?