SIE Exam Question 89: Answer and Explanation

Question: 89

What is the limit of FDIC protection per depositor, per insured bank, for each account ownership category?

• A. $100,000
• B. $250,000
• C. $500,000
• D. $1,000,000

Correct Answer: B

Explanation:

The FDIC covers up to $250,000 per depositor per insured bank for each account ownership category. The SIPC protects customers of brokerage firms up to a total of $500,000 across all accounts but not per account.