SIE (Securities Industry Essentials) Practice Exam

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A savings account at a bank is guaranteed by which entity?

SEC
FDIC
SIPC
Federal Reserve

The correct answer is: FDIC

A savings account at a bank is guaranteed by the FDIC. The SEC (option A) regulates financial markets and does not guarantee deposits. The SIPC (option C) protects investors from losses in the case of a broker-dealer bankruptcy, not from bank failures. The Federal Reserve (option D) is responsible for monetary policy, not deposit insurance. Therefore, option B, the FDIC, is the appropriate entity to guarantee a savings account at a bank.