American Bankers Association Exam CTFA 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?

AMoney market deposit account

BNegotiable order of withdrawal account

CMoney market mutual funds

DAsset management account

Show Suggested Answer

Suggested Answer: A

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

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Melissia

4 days ago

A money market deposit account? More like a money market 'deposit' account, am I right? *winks*

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Noemi

9 days 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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Mari

9 days ago

I'm not sure, but I think C) Money market mutual funds could also be a possibility.

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Matthew

15 days ago

I agree with Dell. Money market deposit accounts are insured and compete with money market mutual funds.

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Rosann

20 days 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

21 days 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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Lawrence

25 days ago

A money market deposit account, duh! Everyone knows that's the only correct answer here.

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Thersa

9 days ago

I agree, that's the correct answer.

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Cathrine

10 days ago

I think it's a money market deposit account.

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Dell

1 months ago

I think the answer is A) Money market deposit account.

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