09-06-2011, 10:19 PM
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!
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!