SIE practice questioneasyFDIC Coverage
The FDIC insures deposits at member banks up to what amount per depositor, per insured bank?
- A$250,000✓ Correct answer
- B$500,000
- C$1,000,000
- D$100,000
Explanation
Why A — $250,000
The FDIC insures deposits at member banks up to $250,000 per depositor, per insured bank, per ownership category. This covers checking accounts, savings accounts, CDs, and money market deposit accounts. Securities held at a brokerage are NOT covered by the FDIC — they fall under SIPC protection instead.
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