FDIC NEWEST LATEST FINAL 2025-2026 COMPREHENSIVE EXAM
WITH COMPLETE DETAILED QUESTIONS AND CORRECT
VERIFIED DETAILED ANSWERS ALREADY RATED A+ GRADE
926D4EAD7AB14B2E85C452CBA7AB6AE6
Not answered. The correct answer is B. A is incorrect because the FDIC
does not offer additional insurance. C is incorrect because the $25,000
will not be insured at all even for a higher rate. D is incorrect because
the only communication Katherine may receive from the bank would be
to provide information on FDIC insurance coverage.
1. Katherine has one account at Best Bank. She has just deposited a
check for $83,000 into her money market account bringing the balance
to $275,000. Assuming Katherine wants to keep her funds in interest
bearing accounts, how would the amount over $250,000 be handled
under the current FDIC insurance rules?
A. Katherine will receive a letter urging her to purchase additional
insurance for the $25,000
B. The $25,000 will be uninsured
C. The $25,000 will be insured at a higher rate
D. Katherine will be asked to move $25,000 out of her account
A
,F86C3CAEFCA34BD2B08B50A011E9B1CA
Not answered. The correct answer is A. B is incorrect because BIF and
SAIF were created as part of the amendments in FIRREA. C is incorrect
because the Federal Deposit Insurance Act did not originally set
insurance limits. D is incorrect because the FSLIC was created to insure
thrifts.
2. What is the primary reason the Federal Deposit Insurance Act
created the FDIC?
A. To restore confidence in the banking system by providing
government insurance for bank deposits
B. To refinance efforts of BIF and SAIF
C. To increase insurance coverage limits
D. To insure deposits at thrift institutions
B
0B233E8C715A4903A92673E6536F3489
Not answered. The correct answer is B. A, C, and D are incorrect
because the FDIC administers the Deposit Insurance Fund (DIF).
,3. One of the FDIC's most important functions is to insure the deposit
accounts of millions of Americans in all the FDIC-insured financial
institutions across the country. What fund does the FDIC administer?
A. Federal Insurance Fund (FIC)
B. Deposit Insurance Fund (DIF)
C. Insurance Deposit Fund (IDF)
D. Secure Deposit Fund (SDF)
A
27644767674F4480BF7282CB424963E1
Not answered. The correct answer is A. B, C, and D are incorrect
because accounts held in separately chartered financial institutions are
not added together and are insured separately.
4. James Johnson has single ownership accounts in two separately
chartered financial institutions. How does FDIC calculate the insurance
coverage for James' accounts?
A. Each account is insured separately
B. Accounts are aggregated and the total is insured for up to $250,000
C. The oldest account is insured first
, D. The account with the largest balance has the priority for insurance
coverage
B
AB69636ED54D4A768B2B9CF3311EB241
Not answered. The correct answer is B. A, C, and D are incorrect
because a pass-through account is one set up by a third party with
funds owned by the principals of the account.
5. What does that term ''pass-through" deposit insurance coverage
mean?
A. The account is opened by individuals who are passing through the
area
B. Funds in the account are owned by the principal not the third party
who set up the account
C. Ownership of the funds passes through the account to the bank
D. The FDIC passes the insurance through the account to the FDIC's
insurance fund
A
WITH COMPLETE DETAILED QUESTIONS AND CORRECT
VERIFIED DETAILED ANSWERS ALREADY RATED A+ GRADE
926D4EAD7AB14B2E85C452CBA7AB6AE6
Not answered. The correct answer is B. A is incorrect because the FDIC
does not offer additional insurance. C is incorrect because the $25,000
will not be insured at all even for a higher rate. D is incorrect because
the only communication Katherine may receive from the bank would be
to provide information on FDIC insurance coverage.
1. Katherine has one account at Best Bank. She has just deposited a
check for $83,000 into her money market account bringing the balance
to $275,000. Assuming Katherine wants to keep her funds in interest
bearing accounts, how would the amount over $250,000 be handled
under the current FDIC insurance rules?
A. Katherine will receive a letter urging her to purchase additional
insurance for the $25,000
B. The $25,000 will be uninsured
C. The $25,000 will be insured at a higher rate
D. Katherine will be asked to move $25,000 out of her account
A
,F86C3CAEFCA34BD2B08B50A011E9B1CA
Not answered. The correct answer is A. B is incorrect because BIF and
SAIF were created as part of the amendments in FIRREA. C is incorrect
because the Federal Deposit Insurance Act did not originally set
insurance limits. D is incorrect because the FSLIC was created to insure
thrifts.
2. What is the primary reason the Federal Deposit Insurance Act
created the FDIC?
A. To restore confidence in the banking system by providing
government insurance for bank deposits
B. To refinance efforts of BIF and SAIF
C. To increase insurance coverage limits
D. To insure deposits at thrift institutions
B
0B233E8C715A4903A92673E6536F3489
Not answered. The correct answer is B. A, C, and D are incorrect
because the FDIC administers the Deposit Insurance Fund (DIF).
,3. One of the FDIC's most important functions is to insure the deposit
accounts of millions of Americans in all the FDIC-insured financial
institutions across the country. What fund does the FDIC administer?
A. Federal Insurance Fund (FIC)
B. Deposit Insurance Fund (DIF)
C. Insurance Deposit Fund (IDF)
D. Secure Deposit Fund (SDF)
A
27644767674F4480BF7282CB424963E1
Not answered. The correct answer is A. B, C, and D are incorrect
because accounts held in separately chartered financial institutions are
not added together and are insured separately.
4. James Johnson has single ownership accounts in two separately
chartered financial institutions. How does FDIC calculate the insurance
coverage for James' accounts?
A. Each account is insured separately
B. Accounts are aggregated and the total is insured for up to $250,000
C. The oldest account is insured first
, D. The account with the largest balance has the priority for insurance
coverage
B
AB69636ED54D4A768B2B9CF3311EB241
Not answered. The correct answer is B. A, C, and D are incorrect
because a pass-through account is one set up by a third party with
funds owned by the principals of the account.
5. What does that term ''pass-through" deposit insurance coverage
mean?
A. The account is opened by individuals who are passing through the
area
B. Funds in the account are owned by the principal not the third party
who set up the account
C. Ownership of the funds passes through the account to the bank
D. The FDIC passes the insurance through the account to the FDIC's
insurance fund
A
