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FDIC Insurance Essentials Quiz

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FDIC Insurance Essentials: a General level Bank Exam Prep quiz. Test your knowledge with 12 questions!

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Questions

Question 1

Which of these is covered by FDIC insurance?

A Savings accounts

B Mutual funds

C Life insurance policies

D Stocks

Question 2

Does the FDIC cover money in a checking account?

A Only if over $50,000

B No

C Only for businesses

D Yes

Question 3

If a bank fails, who pays the insured depositors?

A The Federal Reserve

B The local police

C The bank CEO

D The FDIC

Question 4

Are safe deposit box contents covered by FDIC insurance?

A No

B Yes, fully

C Only for gold

D Yes, up to $250k

Question 5

Which account type is NOT covered by FDIC insurance?

A Savings accounts

B Cryptocurrency

C Money Market accounts

D CDs

📋 This quiz has 12 questions in total.