question archive 1) a has an individual savings account with bangkomatatag with a balance of 1,200,000
Subject:AccountingPrice: Bought3
1) a has an individual savings account with bangkomatatag with a balance of 1,200,000. he also has a 1,500,00 joint account with his mother in the same bank. bangkomatatag declared bankruotcy and was subsequently closed. how much can A recover from pdic for deposit insurance?
a. only 500k from his individual account
b. 500k from his individual acct and another 500k from his joint acct
c. 2million form both indiv and joint acct
d. onlt 500k from both indiv and joint acct