If the NCUA pays $1.92 billion to cover several failed credit unions, and doing so drains its reserve fund by

Question

If the NCUA pays $1.92 billion to cover several failed credit unions, and doing so drains its reserve fund by 8.42%, approximately how much was in the fund to begin with?
a.
$24.7 billion
b.
$22.8 billion
c.
$20.9 billion
d.
$19.0 billion

GPT-5 mini · Answer

b. $22.8 billion

Because 1.92 = 8.42% of the original fund, original ≈ 1.92 / 0.0842 ≈ $22.8 billion.

If the NCUA pays $1.92 billion to cover several failed credit unions, and doing so drains its reserve fund by 8.42%, approximately how much was in the fund to begin with?
a.
$24.7 billion
b.
$22.8 billion
c.
$20.9 billion
d.
$19.0 billion

All Answers 1

Submit Your Answer

If the NCUA pays $1.92 billion to cover several failed credit unions, and doing so drains its reserve fund by 8.42%, approximately how much was in the fund to begin with? a. $24.7 billion b. $22.8 billion c. $20.9 billion d. $19.0 billion

All Answers 1

Submit Your Answer

If the NCUA pays $1.92 billion to cover several failed credit unions, and doing so drains its reserve fund by 8.42%, approximately how much was in the fund to begin with?
a.
$24.7 billion
b.
$22.8 billion
c.
$20.9 billion
d.
$19.0 billion