THE WORLD OF FINANCIAL MARKET AND INSTITUTION 1

“Not intended for publication. For classroom instruction purposes only”.

THE WORLD OF FINANCIAL MARKET AND INSTITUTION 2

Name: _____________________________
Class Schedule: _____________________

Assessment

Determination of Insured and Uninsured Deposit.

Directions: Using the information given, solve the following questions and encircle the
correct answer. Submit your solution/work in the pigeon boxes which are provided in
your department/college, or to google class on or before the date as reflected in your
study schedule.

Note: Items without any solutions are INVALID

Requirement A:

Name of the Depositor/ Beneficial Owner Type of Deposit Accoun Balance

t No.

Mark Dela Cruz (Maintained in the H.O.) Savings Deposit 1 100,000

Mark Dela Cruz (Maintained in the H.O.) Time deposit 2 500,000
Mark Dela Cruz (Maintained in the Branch 1) Demand Deposit 3 100,000
Mark Dela Cruz (Maintained in the Branch 2) Time deposit 4 200,000
Total 900,000

1. How much is the covered Insured deposit of Mark Dela Cruz?

A. 900,000 B. 300,000 C. 500,000 D. 700,000

2. How much id the Uninsured deposit of Mark Dela Cruz?

A. 700,000 B. 400,000 C. 500,000 D. 0

Requirement B:

Account Name per Bank Type of Deposits Account Balance

No.
Mark Dela Cruz Demand Deposit 1 200,000
Mark Dela Cruz ITF Michael Dela Cruz Savings Deposit 2 400,000
Mark Dela Cruz by Mary Dela Cruz Time Deposit 3 500,000
Mark Dela Cruz by Mary Dela Cruz or Time Deposit 4 500,000
Michael Dela Cruz
Total 1,600,000

3. How much is the covered Insured Deposit of Mark Dela Cruz?

A. 1,600,000 B. 500,000 C. 600,000 D. 1,000,000

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THE WORLD OF FINANCIAL MARKET AND INSTITUTION 3

4. How much is the Uninsured Deposit of Mark Dela Cruz?

A. 700,000 B. 500,000 C. 0 D. 400,000

5. How much is the covered Insured Deposit of Michael Dela Cruz?

A. 700,000 B. 500,000 C. 0 D. 400,000

6. How much is the Uninsured deposit of Michael Dela Cruz?

A. 100,000 B. 500,000 C. 0 D. 400,000

Requirement C:

Name of the Depositor/ Beneficial Type of Deposit Accoun Balance

Owner t No.

Mark Dela Cruz or Mary Dela Cruz Savings Deposit 1 500,000

LAB Corporation Savings Deposit 2 500,000
Mark Dela Cruz and ABC Corporation Demand Deposit 3 500,000
Total 1,500,000

7. How much is the covered Insured Deposit of Mark Dela Cruz?

A. 500,000 B. 400,000 C. 250,000 D. 1,500,000

8. How much is the covered Insured Deposit of Mary Dela Cruz?

A. 500,000 B. 400,000 C. 250,000 D. 1,500,000

9. How much is the covered Insured Deposit of LAB Corporation?

A. 500,000 B. 400,000 C. 250,000 D. 1,500,000

10. How much is the covered Insured Deposit of ABC Corporation?

A. 500,000 B. 400,000 C. 250,000 D. 1,500,000

Requirement D:

Name of the Depositor/ Beneficial Type of Deposit Account Balance

Owner No.

Mark Dela Cruz Savings Deposit 1 500,000

Mark Dela Cruz or Mary Dela Cruz Savings Deposit 2 600,000
Mark Dela Cruz and Michael Dela Cruz Time Deposit 3 500,000
Mark Dela Cruz, Mary Dela Cruz Time Deposit 4 450,000
Michael Dela Cruz
Total 2,050,000

11. How much is the covered Insured Deposit of Mark Dela Cruz for his single account?
A. 500,000 B. 2,050,000 C. 1,150,000 D. 250,000

12. How much is the covered Insured deposit of Mark Dela Cruz for his joint account?
A. 500,000 B. 2,050,000 C. 1,150,000 D. 250,000

“Not intended for publication. For classroom instruction purposes only”.

THE WORLD OF FINANCIAL MARKET AND INSTITUTION 4

13. How much is the covered Insured deposit of Mary Dela Cruz for his joint account?
A. 500,000 B. 400,000 C. 150,000 D. 300,000

14. How much is the covered Insured deposit of Michael Dela Cruz for his joint account?
A. 500,000 B. 400,000 C. 150,000 D. 300,000

15. How much is the Uninsured deposit of Mary Dela Cruz for his joint account?
A. 150,000 B. 300,000 C. 0 D. 50,000

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