SIE Exam Question 88: Answer and Explanation

Question: 88

Which of the following accounts is not covered by FDIC?

  • A. Bank savings and checking accounts
  • B. Mutual fund account
  • C. Bank money market account
  • D. Certificates of deposit

Correct Answer: B

Explanation:

A mutual fund account is covered by SIPC rather than FDIC. Bank savings, checking, and money market accounts as well as certificates of deposits are covered by FDIC.

All content of site and practice tests © 2022 Jack.
Quick View

FINRA Practice Tests