Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Nan
4 months ago
Not sure about this one, sounds too good to be true!
upvoted 0 times
...
Jacki
4 months ago
Wait, are money market mutual funds not federally insured?
upvoted 0 times
...
Cathrine
4 months ago
I thought it was a negotiable order of withdrawal account.
upvoted 0 times
...
Nydia
4 months ago
It's definitely a money market deposit account!
upvoted 0 times
...
Benedict
4 months ago
Totally agree, A is the right answer!
upvoted 0 times
...
Willie
5 months ago
This is tricky! I remember discussing asset management accounts, but they don't seem to fit the description. Maybe it's A?
upvoted 0 times
...
Donette
5 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.
upvoted 0 times
...
Ryan
5 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.
upvoted 0 times
...
Refugia
5 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.
upvoted 0 times
...
Essie
5 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.
upvoted 0 times
...
Linn
6 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.
upvoted 0 times
...
Clemencia
6 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.
upvoted 0 times
...
Staci
6 months ago
Hmm, I'm not sure about this one. The options seem pretty similar, I'll have to think it through carefully.
upvoted 0 times
...
Jannette
6 months ago
I think this is a money market deposit account, since it competes with money market mutual funds and is offered by banks.
upvoted 0 times
...
Melissia
9 months ago
A money market deposit account? More like a money market 'deposit' account, am I right? *winks*
upvoted 0 times
Stefany
8 months ago
C) Money market mutual funds
upvoted 0 times
...
Leonard
8 months ago
A) Money market deposit account
upvoted 0 times
...
...
Noemi
9 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!
upvoted 0 times
Skye
8 months ago
B) Negotiable order of withdrawal account
upvoted 0 times
...
Matthew
8 months ago
C) Money market mutual funds
upvoted 0 times
...
Viola
8 months ago
A) Money market deposit account
upvoted 0 times
...
...
Mari
9 months ago
I'm not sure, but I think C) Money market mutual funds could also be a possibility.
upvoted 0 times
...
Matthew
9 months ago
I agree with Dell. Money market deposit accounts are insured and compete with money market mutual funds.
upvoted 0 times
...
Rosann
9 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?
upvoted 0 times
...
Katina
9 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!
upvoted 0 times
Rashida
8 months ago
B) Negotiable order of withdrawal account
upvoted 0 times
...
Nicholle
8 months ago
That's correct! Money market deposit accounts are federally insured savings accounts offered by banks.
upvoted 0 times
...
Yolande
8 months ago
A) Money market deposit account
upvoted 0 times
...
...
Lawrence
10 months ago
A money market deposit account, duh! Everyone knows that's the only correct answer here.
upvoted 0 times
Thersa
9 months ago
I agree, that's the correct answer.
upvoted 0 times
...
Cathrine
9 months ago
I think it's a money market deposit account.
upvoted 0 times
...
...
Dell
10 months ago
I think the answer is A) Money market deposit account.
upvoted 0 times
...

Save Cancel