Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

American Bankers Association CTFA Exam - Topic 2 Question 36 Discussion

Posted by Diane on Sep 21, 2022 at 02:55 AM

___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.

Suggested Answer: B

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test
40 comments · newest first
WA
Walker 11 months ago
I thought it was something else, like a money market fund?
DA
Dalene 11 months ago
Yup, protects your deposits for sure!
ER
Erasmo 12 months ago
Wait, are you sure about that?
LO
Lon 12 months ago
Totally agree, FDIC covers it.
HI
Hildegarde 12 months ago
It's definitely Deposit Insurance!
DE
Detra 1 year ago
I’m not sure if it’s A or B. I remember demand deposits being mentioned, but I think they don’t have the same protection as deposit insurance.
LA
Lai 1 year ago
I feel like we had a practice question similar to this, and it was definitely about protecting funds. I’m leaning towards A too.
KA
Kathrine 1 year ago
I remember something about FDIC and NCUA insuring deposits, so A seems right, but I might be mixing it up with demand deposits.
AR
Art 1 year ago
I think the answer is A, Deposit Insurance. We covered this in class, but I'm not 100% sure.
LO
Lorrine 1 year ago
This seems straightforward to me. The error is clearly stating that there aren't enough usable fault domains, so the solution is probably to add another host to the cluster. I'll focus on that as my first step.
RO
Rosio 1 year ago
Okay, let's see. The account group, the price lists, and the community settings all seem like potential culprits here. I'll need to carefully consider each option.
BE
Beckie 1 year ago
Okay, I've got this! The key here is to navigate to the actual report used by the dashboard. That's likely where the "Analyze in Excel" option will be available for the store manager to use.
MI
Mirta 1 year ago
I'm pretty sure StyleBooks use YAML syntax, so I'll go with option C.
CA
Carlene 1 year ago
Deposit Insurance? More like 'Deposit Assurance'! Amirite? *wink wink*
VI
Viva 1 year ago
↳ replying to Carlene
C) Time deposit
EZ
Ezekiel 1 year ago
↳ replying to Carlene
B) Demand deposit
PA
Paulina 1 year ago
↳ replying to Carlene
A) Deposit Insurance
NI
Nichelle 1 year ago
Deposit Insurance, baby! The only way to go if you want to sleep soundly at night.
DA
Danica 1 year ago
↳ replying to Nichelle
It's good to know that my money is safe in case anything happens to the institution.
JA
Jamika 1 year ago
↳ replying to Nichelle
I always make sure my funds are protected by the FDIC.
TH
Theron 1 year ago
↳ replying to Nichelle
I agree, deposit insurance is a must-have for peace of mind.
KA
Kattie 1 year ago
Haha, the correct answer is so obvious, it's like asking 'Is the sky blue?' Of course it's Deposit Insurance!
KE
Keva 1 year ago
↳ replying to Kattie
Definitely, Deposit Insurance is the right answer.
RA
Raul 1 year ago
↳ replying to Kattie
That was an easy one!
NA
Nan 1 year ago
↳ replying to Kattie
Deposit Insurance
TA
Tamesha 1 year ago
I'm going with A - Deposit Insurance. Gotta keep those funds safe, no matter what!
RY
Ryan 1 year ago
↳ replying to Tamesha
It's good to know that the FDIC and NCUA provide that extra layer of protection for our funds.
DE
Demetra 1 year ago
↳ replying to Tamesha
I always make sure my deposits are insured, you never know what could happen.
AN
Angella 1 year ago
↳ replying to Tamesha
I think it's a smart choice to go with A - Deposit Insurance.
GA
Gaston 1 year ago
↳ replying to Tamesha
I agree, Deposit Insurance is definitely important for protecting our funds.
WI
Willard 1 year ago
↳ replying to Tamesha
I prefer D - Money market mutual fund. It offers a good return on investment with some level of risk.
YA
Yasuko 1 year ago
↳ replying to Tamesha
C - Time deposit is a good option too. It's a safe way to earn some interest on your savings.
NI
Nickole 1 year ago
↳ replying to Tamesha
I think I'll go with B - Demand deposit. It's always good to have easy access to your funds.
JE
Jeanice 1 year ago
↳ replying to Tamesha
I agree, A - Deposit Insurance is the way to go. Can't be too careful with our money.
EA
Earleen 1 year ago
Deposit Insurance, definitely! The FDIC and NCUA are there to protect our hard-earned money.
CA
Catalina 1 year ago
↳ replying to Earleen
I agree, it's reassuring to have that safety net in place for our deposits.
CA
Carline 1 year ago
↳ replying to Earleen
Deposit Insurance is crucial for protecting our funds. It's good to know the FDIC and NCUA have our backs.
TI
Tijuana 2 years ago
I think it's Deposit Insurance too, it's a safety net for our money.
DE
Devorah 2 years ago
I agree with Anna, it's important to protect our funds.
AN
Anna 2 years ago
Deposit Insurance is the answer.
0/2000 characters

Save Cancel