c14. You have savings accounts at two separately FDIC insured banks, ABC Bank and XYZ bank. At ABC your account has a balance of $200,000. At XYZ bank the account balance is $60,000. a. If both banks...

Extracted text: c14. You have savings accounts at two separately FDIC insured banks, ABC Bank and XYZ bank. At ABC your account has a balance of $200,000. At XYZ bank the account balance is $60,000. a. If both banks fail how much will you receive? b. You find out that ABC and XYZ banks are going to merge. If you are concerned about the possibility of the new bank failing what would you do?