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 account with a balance of $56,379 and two individual accountshis a $134,207 balance and hers has a $253,910 balance. What amount of FDIC coverage do Tony and Cynthia have on their accounts?

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