Question: After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He

After reading the new account insert in his monthly statement, Tony Mercadante
determined that the FDIC considers a joint account as a separate depositor. He
and his wife, Cynthia, have three accounts at ABC Bank & Trust, one joint ac-
count with a balance of $60,002 and two individual accounts-his has a $117,348
balance, and hers has a $253,759 balance. What amounts of FDIC coverage do
they each have?
After reading the new account insert in his monthly statement, Tony

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