SIE Exam Question 435: Answer and Explanation

Question: 435

A checking account that is held at a regional bank is guaranteed by

• A. Federal Reserve
• B. MSRB
• C. FDIC
• D. FINRA

Correct Answer: C

Explanation:

C: FDIC - Federal Deposit Insurance Corporation covers up to $250,000 per depositor, per FDIC insured bank for cash held in a checking account.