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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
2 months ago
Not sure about this one, sounds too good to be true!
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Jacki
2 months ago
Wait, are money market mutual funds not federally insured?
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Cathrine
2 months ago
I thought it was a negotiable order of withdrawal account.
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Nydia
3 months ago
It's definitely a money market deposit account!
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Benedict
3 months ago
Totally agree, A is the right answer!
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Willie
3 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
3 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
4 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
4 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
4 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
4 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
4 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
5 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
5 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
7 months ago
A money market deposit account? More like a money market 'deposit' account, am I right? *winks*
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Stefany
7 months ago
C) Money market mutual funds
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Leonard
7 months ago
A) Money market deposit account
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Noemi
8 months 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
7 months ago
B) Negotiable order of withdrawal account
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Matthew
7 months ago
C) Money market mutual funds
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Viola
7 months ago
A) Money market deposit account
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Mari
8 months ago
I'm not sure, but I think C) Money market mutual funds could also be a possibility.
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Matthew
8 months ago
I agree with Dell. Money market deposit accounts are insured and compete with money market mutual funds.
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Rosann
8 months 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
8 months 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
7 months ago
B) Negotiable order of withdrawal account
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Nicholle
7 months ago
That's correct! Money market deposit accounts are federally insured savings accounts offered by banks.
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Yolande
7 months ago
A) Money market deposit account
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Lawrence
8 months ago
A money market deposit account, duh! Everyone knows that's the only correct answer here.
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Thersa
8 months ago
I agree, that's the correct answer.
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Cathrine
8 months ago
I think it's a money market deposit account.
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Dell
8 months ago
I think the answer is A) Money market deposit account.
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