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American Bankers Association CTFA Exam - Topic 7 Question 90 Discussion

It is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. What is it?
A) Money market deposit account
B) Negotiable order of withdrawal account
C) Money market mutual funds
D) Asset management account

American Bankers Association CTFA Exam - Topic 7 Question 90 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 90
Topic #: 7
[All CTFA Questions]

It is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. What is it?

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Suggested Answer: A

by Nilsa at Jun 13, 2025, 05:28 PM

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Nan
7 months ago
Not sure about this one, sounds too good to be true!
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Jacki
7 months ago
Wait, are money market mutual funds not federally insured?
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Cathrine
7 months ago
I thought it was a negotiable order of withdrawal account.
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Nydia
7 months ago
It's definitely a money market deposit account!
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Benedict
7 months ago
Totally agree, A is the right answer!
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Willie
8 months ago
This is tricky! I remember discussing asset management accounts, but they don't seem to fit the description. Maybe it's A?
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Donette
8 months ago
I recall that money market mutual funds are different, so I don't think it's C. I might lean towards A as well, but I need to double-check.
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Ryan
8 months ago
I'm not entirely sure, but I feel like it could also be B, the negotiable order of withdrawal account. It sounds familiar from our practice questions.
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Refugia
8 months ago
I think the answer might be A, money market deposit account. I remember it being a type of savings account that offers higher interest rates.
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Essie
9 months ago
This is a tricky one, but I'm going to go with A. The money market deposit account description matches the question the best in my opinion.
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Linn
9 months ago
I'm leaning towards B, the negotiable order of withdrawal account. That also seems to fit the description of competing with money market funds.
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Clemencia
9 months ago
The key details are that it's a federally insured savings account offered by banks and depository institutions. That makes me think it's option A, the money market deposit account.
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Staci
9 months ago
Hmm, I'm not sure about this one. The options seem pretty similar, I'll have to think it through carefully.
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Jannette
9 months ago
I think this is a money market deposit account, since it competes with money market mutual funds and is offered by banks.
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Melissia
12 months ago
A money market deposit account? More like a money market 'deposit' account, am I right? *winks*
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Stefany
11 months ago
C) Money market mutual funds
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Leonard
11 months ago
A) Money market deposit account
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Noemi
1 year ago
Hold up, is this a trick question? I bet the answer is actually a hidden treasure map. Time to get my treasure-hunting hat on!
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Skye
11 months ago
B) Negotiable order of withdrawal account
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Matthew
11 months ago
C) Money market mutual funds
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Viola
11 months ago
A) Money market deposit account
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Mari
1 year ago
I'm not sure, but I think C) Money market mutual funds could also be a possibility.
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Matthew
1 year ago
I agree with Dell. Money market deposit accounts are insured and compete with money market mutual funds.
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Rosann
1 year ago
Hmm, this one's tricky. I'm going to go with B, just to shake things up a bit. Who needs a boring old savings account anyway?
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Katina
1 year ago
I was tempted to go with C, but then I remembered that money market mutual funds are a different thing. A all the way!
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Rashida
11 months ago
B) Negotiable order of withdrawal account
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Nicholle
11 months ago
That's correct! Money market deposit accounts are federally insured savings accounts offered by banks.
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Yolande
11 months ago
A) Money market deposit account
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Lawrence
1 year ago
A money market deposit account, duh! Everyone knows that's the only correct answer here.
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Thersa
1 year ago
I agree, that's the correct answer.
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Cathrine
1 year ago
I think it's a money market deposit account.
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Dell
1 year ago
I think the answer is A) Money market deposit account.
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