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+--- Thread: FDIC Insurance Limits (/Thread-FDIC-Insurance-Limits)
FDIC Insurance Limits - DSST_Student - 09-06-2011
Hi, I'm currently studying for the Money & Banking Test (DSST). The answer key indicates that the FDIC insures deposits up to $100,000. I know for a fact--as indicated on the FDIC website--that the insurance limit is $250,000. (Not counting separate categories within the same institution ((such as IRA accts)) that a depositor may have.)
Does anyone know if I should answer 100K or 250K on the actual test? Can someone please let DSST know that FDIC insurance was permanently increased after Dodd/Frank passage...thanks!
FDIC Insurance Limits - sanantone - 09-07-2011
I can't really answer your question, but I know that DSSTs and CLEPs are only updated every once in awhile. Some of the tests still use outdated terms and information.
FDIC Insurance Limits - pixaloop - 09-07-2011
One can hope that the $250K is not a selectable option.
FDIC Insurance Limits - KyleH - 09-07-2011
I just took this test a couple weeks ago and I didn't have this problem so while on the one hand I can't answer your question, on the other hand you probably don't need to worry about it.