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American Bankers Association CTFA Exam - Topic 2 Question 36 Discussion

___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.
B) Demand deposit
A) Deposit Insurance
C) Time deposit
D) Money market mutual fund

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.

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Suggested Answer: B

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

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Walker
8 months ago
I thought it was something else, like a money market fund?
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Dalene
8 months ago
Yup, protects your deposits for sure!
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Erasmo
9 months ago
Wait, are you sure about that?
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Lon
9 months ago
Totally agree, FDIC covers it.
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Hildegarde
9 months ago
It's definitely Deposit Insurance!
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Detra
9 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.
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Lai
9 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.
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Kathrine
9 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.
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Art
9 months ago
I think the answer is A, Deposit Insurance. We covered this in class, but I'm not 100% sure.
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Lorrine
9 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.
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Rosio
9 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.
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Beckie
9 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.
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Mirta
10 months ago
I'm pretty sure StyleBooks use YAML syntax, so I'll go with option C.
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Carlene
1 year ago
Deposit Insurance? More like 'Deposit Assurance'! Amirite? *wink wink*
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Viva
1 year ago
C) Time deposit
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Ezekiel
1 year ago
B) Demand deposit
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Paulina
1 year ago
A) Deposit Insurance
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Nichelle
1 year ago
Deposit Insurance, baby! The only way to go if you want to sleep soundly at night.
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Danica
1 year ago
It's good to know that my money is safe in case anything happens to the institution.
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Jamika
1 year ago
I always make sure my funds are protected by the FDIC.
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Theron
1 year ago
I agree, deposit insurance is a must-have for peace of mind.
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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!
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Keva
1 year ago
Definitely, Deposit Insurance is the right answer.
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Raul
1 year ago
That was an easy one!
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Nan
1 year ago
Deposit Insurance
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Tamesha
1 year ago
I'm going with A - Deposit Insurance. Gotta keep those funds safe, no matter what!
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Ryan
1 year ago
It's good to know that the FDIC and NCUA provide that extra layer of protection for our funds.
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Demetra
1 year ago
I always make sure my deposits are insured, you never know what could happen.
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Angella
1 year ago
I think it's a smart choice to go with A - Deposit Insurance.
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Gaston
1 year ago
I agree, Deposit Insurance is definitely important for protecting our funds.
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Willard
1 year 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
1 year 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
1 year 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
1 year ago
I agree, A - Deposit Insurance is the way to go. Can't be too careful with our money.
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Earleen
1 year ago
Deposit Insurance, definitely! The FDIC and NCUA are there to protect our hard-earned money.
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Catalina
1 year ago
I agree, it's reassuring to have that safety net in place for our deposits.
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Carline
1 year 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
1 year ago
I think it's Deposit Insurance too, it's a safety net for our money.
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Devorah
1 year ago
I agree with Anna, it's important to protect our funds.
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Anna
1 year ago
Deposit Insurance is the answer.
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