Quiz for B2B: FDIC Insurance Explained

1. What is the maximum amount of coverage a checking account can have?

2. Which product is not a covered product?

3. When are the changes to how irrevocable and revocable trust accounts taking place?

4. Which is a covered account? (Select all that apply)

5. How are guardian accounts treated?

6. 403(b) plans qualify as ‘Certain Retirement Accounts’.

7. Which of the following are Ownership Categories? (Select all that apply)

8. Sally has $250,000 in a Single Account and $250,000 in a LLC, how much is she covered for?

9. I Sally has a joint checking account with John that has $700,000 in it, how much is the account insured for?

10. What does FDIC stand for?