Question: Your education has paid off. You have stepped five years into the future and are reviewing your bank accounts. The money has just piled up. You have a joint account with your fiancee containing $175,000 to be used for your first home. You have a joint account with your mother containing $125,000, and you have an account in your own name with $55,000 for the necessities of life. All three accounts are at the Monarch National Bank. Go to the following FDIC Web site vvvvw2.fdic.gov/edie and have Edie determine the insurance coverage for the $355,000. How much is uninsured? Can you describe the rules determining coverage?