SEC and FDIC Quiz

Which division of the SEC ensures investors have the information they need to make informed investment decisions?

• Corporation Finance

• Enforcement

• Economic and Risk Analysis

• Investment Management

What is the role of the Enforcement division of the SEC?

• Regulates investment companies

• Investigates and prosecutes violations of securities law

• Integrates financial economics and data analytics

• Regulates major securities market participants

When was the Federal Deposit Insurance Corporation (FDIC) established?

• 1934

• 1929

• 1945

• 1950

Which of the following is a financial product not covered by FDIC insurance?

• Life Insurance Policies

• Checking Accounts

• Savings Accounts

• Money Market Deposit Accounts

Which of the following is covered by FDIC insurance?

• Certificates of Deposit (CDs)

• Mutual Funds

• Stocks and Bonds

• Crypto Assets

Which of the following accounts are covered by FDIC insurance?

• Checking accounts

• Savings accounts

• Certificates of Deposit (CDs)

• All of the above

During times of heightened financial risk, how does the FDIC maintain its financial stability?

• By borrowing from private investors

• By increasing customer fees

• By assessing special fees on banks

• By selling insurance policies

FDIC insurance protects against which type of financial risk?

• Bank failures

• Stock market declines

• Fraudulent wire transfers

• Losses in retirement accounts

If a bank fails, what does the FDIC do to protect depositors?

• Immediately refunds all customers from government funds

• Transfers accounts to another FDIC-insured bank or reimburses depositors

• Forces the bank to reopen within 30 days

• Sells depositors’ accounts to the highest bidder

Which type of investment is not covered by FDIC insurance?

• Savings accounts

• Mutual funds

• Checking accounts

• Certificates of deposit