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
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

American Bankers Association CTFA Exam - 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.

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Walker
4 months ago
I thought it was something else, like a money market fund?
upvoted 0 times
...
Dalene
4 months ago
Yup, protects your deposits for sure!
upvoted 0 times
...
Erasmo
5 months ago
Wait, are you sure about that?
upvoted 0 times
...
Lon
5 months ago
Totally agree, FDIC covers it.
upvoted 0 times
...
Hildegarde
5 months ago
It's definitely Deposit Insurance!
upvoted 0 times
...
Detra
5 months 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.
upvoted 0 times
...
Lai
5 months 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.
upvoted 0 times
...
Kathrine
5 months ago
I remember something about FDIC and NCUA insuring deposits, so A seems right, but I might be mixing it up with demand deposits.
upvoted 0 times
...
Art
5 months ago
I think the answer is A, Deposit Insurance. We covered this in class, but I'm not 100% sure.
upvoted 0 times
...
Lorrine
5 months 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.
upvoted 0 times
...
Rosio
6 months 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.
upvoted 0 times
...
Beckie
6 months 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.
upvoted 0 times
...
Mirta
6 months ago
I'm pretty sure StyleBooks use YAML syntax, so I'll go with option C.
upvoted 0 times
...
Carlene
10 months ago
Deposit Insurance? More like 'Deposit Assurance'! Amirite? *wink wink*
upvoted 0 times
Viva
9 months ago
C) Time deposit
upvoted 0 times
...
Ezekiel
9 months ago
B) Demand deposit
upvoted 0 times
...
Paulina
9 months ago
A) Deposit Insurance
upvoted 0 times
...
...
Nichelle
10 months ago
Deposit Insurance, baby! The only way to go if you want to sleep soundly at night.
upvoted 0 times
Danica
9 months ago
It's good to know that my money is safe in case anything happens to the institution.
upvoted 0 times
...
Jamika
9 months ago
I always make sure my funds are protected by the FDIC.
upvoted 0 times
...
Theron
9 months ago
I agree, deposit insurance is a must-have for peace of mind.
upvoted 0 times
...
...
Kattie
11 months ago
Haha, the correct answer is so obvious, it's like asking 'Is the sky blue?' Of course it's Deposit Insurance!
upvoted 0 times
Keva
10 months ago
Definitely, Deposit Insurance is the right answer.
upvoted 0 times
...
Raul
10 months ago
That was an easy one!
upvoted 0 times
...
Nan
10 months ago
Deposit Insurance
upvoted 0 times
...
...
Tamesha
11 months ago
I'm going with A - Deposit Insurance. Gotta keep those funds safe, no matter what!
upvoted 0 times
Ryan
9 months ago
It's good to know that the FDIC and NCUA provide that extra layer of protection for our funds.
upvoted 0 times
...
Demetra
9 months ago
I always make sure my deposits are insured, you never know what could happen.
upvoted 0 times
...
Angella
9 months ago
I think it's a smart choice to go with A - Deposit Insurance.
upvoted 0 times
...
Gaston
9 months ago
I agree, Deposit Insurance is definitely important for protecting our funds.
upvoted 0 times
...
Willard
9 months ago
I prefer D - Money market mutual fund. It offers a good return on investment with some level of risk.
upvoted 0 times
...
Yasuko
9 months ago
C - Time deposit is a good option too. It's a safe way to earn some interest on your savings.
upvoted 0 times
...
Nickole
9 months ago
I think I'll go with B - Demand deposit. It's always good to have easy access to your funds.
upvoted 0 times
...
Jeanice
9 months ago
I agree, A - Deposit Insurance is the way to go. Can't be too careful with our money.
upvoted 0 times
...
...
Earleen
11 months ago
Deposit Insurance, definitely! The FDIC and NCUA are there to protect our hard-earned money.
upvoted 0 times
Catalina
10 months ago
I agree, it's reassuring to have that safety net in place for our deposits.
upvoted 0 times
...
Carline
10 months ago
Deposit Insurance is crucial for protecting our funds. It's good to know the FDIC and NCUA have our backs.
upvoted 0 times
...
...
Tijuana
11 months ago
I think it's Deposit Insurance too, it's a safety net for our money.
upvoted 0 times
...
Devorah
11 months ago
I agree with Anna, it's important to protect our funds.
upvoted 0 times
...
Anna
11 months ago
Deposit Insurance is the answer.
upvoted 0 times
...

Save Cancel