Financial Regulatory Agencies Quiz

Which agency was created in 1933 in response to bank failures?

• National Credit Union Administration

• Federal Deposit Insurance Corporation

• Financial Industry Regulatory Authority

• Commodity Futures Trading Commission

What is the primary purpose of the Pension Benefit Guaranty Corporation?

• To insure bank deposits

• To protect retirement incomes of workers

• To regulate futures and options markets

• To supervise credit unions

Which agency is responsible for chartering and supervising credit unions?

• Federal Deposit Insurance Corporation

• National Credit Union Administration

• Pension Benefit Guaranty Corporation

• Commodity Futures Trading Commission

What happens if a pension covered by the Pension Benefit Guaranty Corporation fails?

• All benefits are guaranteed

• No benefits are paid

• Some benefits are paid to retired workers

• Benefits are doubled

What is the role of the Office of the Comptroller of the Currency?

• To insure bank deposits

• To regulate futures markets

• To charter and supervise national banks

• To protect pension benefits

Which agency supervises activities to ensure investors' rights are protected?

• Federal Deposit Insurance Corporation

• Financial Industry Regulatory Authority

• National Credit Union Administration

• Commodity Futures Trading Commission

What does the Financial Industry Regulatory Authority protect investors from?

• Bank failures

• Unfair credit union practices

• Unfair and dishonest security industry operations

• Pension plan failures

Which of the following is NOT overseen by the Securities and Exchange Commission?

• Exchanges

• Brokers

• National banks

• Mutual funds

What does the Department of Treasury produce?

• Securities

• Currency and coinage

• Investment advice

• Monetary policy

Which agency ensures that people pay their taxes?

• Department of Treasury

• Federal Reserve System

• Internal Revenue Service

• Securities and Exchange Commission