American_Bankers_Association
CTFA · Question #38
It is a type of insurance account that protects funds on deposit against failure of the institution; can be insured by FDIC and the NCUA.
The correct answer is A. Deposit insurance. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
It is a type of insurance account that protects funds on deposit against failure of the institution; can be insured by FDIC and the NCUA.
Options
- ADeposit insurance
- BShare draft account
- CInternet bank
- DChecking and saving accounts
How the community answered
(23 responses)- A74% (17)
- B4% (1)
- C4% (1)
- D17% (4)
Topics
#deposit insurance#FDIC#NCUA#account protection
Community Discussion
No community discussion yet for this question.