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26 November, 13:51

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?

a. $1,152

b. $115,200

c. $2,112

d. $211,200

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Answers (1)
  1. 26 November, 13:58
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    4,800,000:100

    =48,000

    48,000*2.4

    =115,200 ... answer
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