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SOFE Exam SOFA-CFE Topic 8 Question 74 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 74
Topic #: 8
[All SOFA-CFE Questions]

What provide yields competitive with commercial paper, are interest-bearing instruments issued by banks?

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Suggested Answer: A

by Benedict at Aug 30, 2023, 05:05 PM

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Ligia
2 months ago
Wait, is this a trick question? I mean, who Ligian uses deposit-drafts anymore? That's so old-school!
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Buck
27 days ago
D) Mutual funds
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Ben
1 months ago
I still see some banks offering deposit-drafts, but certificates of deposit are definitely more common now.
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Vallie
1 months ago
C) Certificates of deposit
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Martina
1 months ago
A) Money market
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Therese
2 months ago
Mutual funds, really? That's like a completely separate investment vehicle from what the question is asking about.
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Carey
20 days ago
Yes, certificates of deposit are interest-bearing instruments issued by banks.
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Portia
21 days ago
I think certificates of deposit are the right answer.
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Johnna
1 months ago
C) Certificates of deposit
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Bernardine
1 months ago
A) Money market
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Frank
3 months ago
Deposit-drafts? What is this, the 1950s? I'm pretty sure the modern banking world has moved on from those.
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Tanja
1 months ago
D) Mutual funds
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Ailene
1 months ago
Deposit-drafts may be outdated, but they are still an option for some investors.
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Robt
1 months ago
C) Certificates of deposit
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Joanne
2 months ago
Deposit-drafts may be old-fashioned, but they are still a valid option for some investors.
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Sherrell
2 months ago
C) Certificates of deposit
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Tracey
2 months ago
A) Money market
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Mignon
2 months ago
A) Money market
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Armanda
3 months ago
Hmm, money market funds also yield pretty competitive returns. But I think certificates of deposit are the more direct bank-issued instruments mentioned in the question.
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Luisa
3 months ago
Certificates of deposit? That's the answer I was looking for! Banks issuing interest-bearing instruments, sounds like a no-brainer to me.
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Alesia
2 months ago
They are a popular choice for those looking for competitive yields.
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Hailey
2 months ago
Yes, certificates of deposit are interest-bearing instruments issued by banks.
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Rhea
3 months ago
I'm not sure, but I think it's A) Money market.
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Patti
3 months ago
I agree with Harris, Certificates of deposit offer competitive yields.
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Harris
3 months ago
I think the answer is C) Certificates of deposit.
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