IIA Exam IIA-CFSA Topic 5 Question 28 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 28
Topic #: 5

[All IIA-CFSA Questions]

Demand deposit account allows customers to transfer money through the use of:

AChecks

BATMs and EFTs

CPoint of sale (POS) terminals

DAll of these

Show Suggested Answer

Suggested Answer: D

by Devora at Jan 04, 2023, 11:33 PM

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Noble

2 months ago

I'm just glad they didn't throw in 'carrier pigeons' as an option. That would have been a real head-scratcher!

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Brinda

3 months ago

Hmm, I was torn between B and D, but D seems like the safest bet. Can't go wrong with 'all of the above'.

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Dustin

1 months ago

Yeah, D is the best choice to make sure you don't miss anything.

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Craig

1 months ago

I think D is the correct answer too, covers all the bases.

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Jackie

2 months ago

I agree, choosing 'all of the above' is usually the safest option.

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Lucina

3 months ago

I was hoping the answer would be B - ATMs and EFTs. That's the most convenient way to transfer money these days.

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Tora

2 months ago

That's true, having multiple options is always helpful.

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Jackie

2 months ago

Yes, but don't forget that checks and POS terminals are also options for transferring money.

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Mozell

2 months ago

I agree, ATMs and EFTs are definitely the most convenient.

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Dulce

3 months ago

Definitely D. All of these options are correct for a demand deposit account.

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Bok

2 months ago

Definitely D. All of these options are correct for a demand deposit account.

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Nguyet

2 months ago

D) All of these

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Lisha

2 months ago

C) Point of sale (POS) terminals

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Kayleigh

2 months ago

B) ATMs and EFTs

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Carlene

2 months ago

A) Checks

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Letha

3 months ago

I'm not sure, but I think it's D) All of these because I know you can use checks, ATMs, and POS terminals with demand deposit accounts.

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Ngoc

4 months ago

I agree with Mitzie, because demand deposit accounts allow for various ways to transfer money.

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Mitzie

4 months ago

I think the answer is D) All of these.

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