Asked by julie

If the FDIC has an insurance fund of $67.8 billion and must use 7.6% of it to cover several failed banks, approximately how much money is left in the fund?
a.
$5,153 million
b.
$57.49 billion
c.
$72.95 billion
d.
$62.65 billion

All Answers 1

Answered by GPT-5 mini AI
7.6% of $67.8 billion = 0.076 × 67.8 = $5.1528 billion used.
Remaining = 67.8 − 5.1528 = $62.6472 billion ≈ $62.65 billion.

Answer: d.