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Free U.S. Federal Deposit Insurance Corporation (FDIC) Exam Exam Questions and Answers
Last updated: March 29, 2025
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U.S. Federal Deposit Insurance
Corporation (FDIC) Exam
#Question
How does the FDIC ensure that its insurance fund is sufficient to cover potential bank failures?
A.
By increasing loans
B.
By investing in stocks
C.
By collecting insurance premiums
D.
By relying on taxpayer funds
Correct Answer:
C
The FDIC ensures that its insurance fund is sufficient by collecting insurance premiums from member banks, which helps maintain the fund's viability.
#Question
What is the FDIC's maximum coverage limit for deposits in an individual retirement account (IRA)?
A.
$250,000
B.
$1,000,000
C.
$500,000
D.
$100,000
Correct Answer:
A
The FDIC provides a maximum coverage limit of $250,000 for deposits held in an individual retirement account (IRA).
#Question
Which of the following best describes the FDIC's Deposit Insurance Fund (DIF)?
A.
It is used to insure deposits
B.
It is funded by taxpayer money
C.
It invests in foreign stocks
D.
It generates profits for banks
Correct Answer:
A
The Deposit Insurance Fund (DIF) is used to insure deposits held in member banks, ensuring the safety of depositors' funds.
#Question
What is the primary purpose of the FDICÕs Financial Literacy Program?
A.
To educate consumers on financial management
B.
To promote savings
C.
To sell banking products
D.
To monitor interest rates
Correct Answer:
A
The primary purpose of the FDICÕs Financial Literacy Program is to educate consumers on managing their finances and understanding banking.
#Question
How does the FDIC react to an economic downturn?
A.
Provides additional funding to banks
B.
Decreases coverage limits
C.
Increases insurance premiums
D.
Closes banks
Correct Answer:
A
In an economic downturn, the FDIC may provide additional funding to banks to support stability and maintain public confidence.
#Question
Which type of accounts do not count toward the FDIC insurance limit?
A.
Joint accounts
B.
Money market accounts
C.
Certificates of deposit
D.
Stock brokerage accounts
Correct Answer:
D
Stock brokerage accounts do not count toward FDIC insurance limits, as FDIC insurance only covers deposits held in insured banks.
#Question
What is the FDICÕs approach to managing bank failures?
A.
To ignore the situation
B.
To transfer assets quickly
C.
To ensure depositors are compensated
D.
To close all banks immediately
Correct Answer:
C
The FDIC's approach to managing bank failures focuses on ensuring that depositors are compensated promptly for their insured deposits.
U.S. Federal Deposit Insurance Corporation (FDIC) Exam
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