that is incorrect.
The correct answer is "False." Insurance coverage generally is
based on how accounts are owned. In this case, the two accounts you have in your name
alone would be added together and insured to $100,000 in total, leaving $50,000 uninsured.
Your share of any joint accounts at a bank is insured to $100,000 in total (and separately
from your individual accounts). Here, the joint account you own with your mother would be
insured for up to $200,000 ($100,000 for each person's share), so this account is fully