How much do you know about deposit insurance? Well, what you don’t know could be very costly, so we are going to see if you can pass a quiz developed by the Federal Deposit Insurance Corporation.

You are thinking about taking a $150,000 lump-sum distribution from a pension fund and depositing it into two different IRAs at your bank. Each of the accounts would be separately insured. True or false? Hope you said false, because multiple IRAs do not increase insurance coverage. You would still only be covered for $100,000.

If your FDIC insured bank or savings association fails, the federal insurance coverage would include both the money you’ve deposited and the interest you’ve earned. True or false? Well, that one is true. FDIC insurance would cover your deposit accounts, including principal and any accrued interest, but only up to the $100,000 limit.

If you want more information about your rights under FDIC go to the website www.fdic.gov.