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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2 days ago

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

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4 days ago

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

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10 days ago

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

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12 days ago

Deposit Insurance is the answer.

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