Deposits held at two different banks are:
ASeparately subordinated
BSeparately insured
CSeparately suspended
DSeparately surrendered
Answer & Solution
Correct answer: B. Separately insured
1. The limit is applied bank by bank.
2. Holding accounts at two banks doubles the reach.
3. Each bank's deposits are separately insured.
_Source: DICGC, Guide to Deposit Insurance_
Related questions
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