Práctica SIE

A customer buys shares of a stock mutual fund through a brokerage desk located inside her bank's branch. She asks whether the investment is covered by FDIC insurance like her savings account. What is the accurate answer?

• AYes, up to $250,000, because the fund was purchased at an FDIC-insured bank.
• BYes, but only for the portion of the fund invested in Treasury securities.
• CNo, because FDIC insurance covers only accounts larger than $250,000.
• DNo, because FDIC insurance covers deposit accounts, not mutual funds.