Mutual fund and a checking account at a bank

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Mark and Betty want to keep $300,000 of their savings Federal Deposit Insurance Corporation (FDIC) insured. How could they accomplish this?

A. Divide the money equally into a mutual fund and a checking account at a bank.

B. Invest $100,000 in a money market mutual fund and $200,000 in a savings account at the bank.

C. Divide the money equally into stocks and mutual funds at the brokerage firm.

D. Divide the money equally and depositing it at 2 different banks.

Reference no: EM133240912

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