American_Bankers_Association
CTFA · Question #75
CTFA Question #75: Real Exam Question with Answer & Explanation
The correct answer is A. Deposit Insurance. See the full explanation below for the reasoning.
Question
___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.
Options
- ADeposit Insurance
- BDemand deposit
- CTime deposit
- DMoney market mutual fund
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