SIE Exam Question 690: Answer and Explanation

Question: 690

The FDIC maintains stability and public confidence in the nation's financial system by doing all but which of the following?

• A. Insuring deposits.
• B. Managing receiverships.
• C. Examining and supervising financial institutions for safety, soundness, and consumer protection.
• D. Setting minimum standards for voluntarily established pension and health plans.

Correct Answer: D

Explanation:

The FDIC maintains stability and public confidence in the nation's financial system by insuring deposits, managing receiverships, and examining and supervising financial institutions for safety, soundness, and consumer protection. ERISA, not the FDIC, sets minimum standards for voluntarily established pension and health plans.