American Bankers Association Exam CTFA Topic 2 Question 36 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 36
Topic #: 2

[All CTFA Questions]

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

ADeposit Insurance

BDemand deposit

CTime deposit

DMoney market mutual fund

Show Suggested Answer

Suggested Answer: B

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

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Carlene

1 months ago

Deposit Insurance? More like 'Deposit Assurance'! Amirite? *wink wink*

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Viva

2 days ago

C) Time deposit

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Ezekiel

13 days ago

B) Demand deposit

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Paulina

21 days ago

A) Deposit Insurance

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Nichelle

2 months ago

Deposit Insurance, baby! The only way to go if you want to sleep soundly at night.

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Danica

5 days ago

It's good to know that my money is safe in case anything happens to the institution.

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Jamika

7 days ago

I always make sure my funds are protected by the FDIC.

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Theron

18 days ago

I agree, deposit insurance is a must-have for peace of mind.

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Kattie

2 months ago

Haha, the correct answer is so obvious, it's like asking 'Is the sky blue?' Of course it's Deposit Insurance!

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Keva

23 days ago

Definitely, Deposit Insurance is the right answer.

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Raul

1 months ago

That was an easy one!

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Nan

1 months ago

Deposit Insurance

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Tamesha

2 months ago

I'm going with A - Deposit Insurance. Gotta keep those funds safe, no matter what!

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Willard

5 days ago

I prefer D - Money market mutual fund. It offers a good return on investment with some level of risk.

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Yasuko

6 days ago

C - Time deposit is a good option too. It's a safe way to earn some interest on your savings.

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Nickole

8 days ago

I think I'll go with B - Demand deposit. It's always good to have easy access to your funds.

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Jeanice

18 days ago

I agree, A - Deposit Insurance is the way to go. Can't be too careful with our money.

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Earleen

2 months ago

Deposit Insurance, definitely! The FDIC and NCUA are there to protect our hard-earned money.

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Catalina

1 months ago

I agree, it's reassuring to have that safety net in place for our deposits.

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Carline

1 months ago

Deposit Insurance is crucial for protecting our funds. It's good to know the FDIC and NCUA have our backs.

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Tijuana

2 months ago

I think it's Deposit Insurance too, it's a safety net for our money.

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Devorah

2 months ago

I agree with Anna, it's important to protect our funds.

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Anna

3 months ago

Deposit Insurance is the answer.

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