American_Bankers_Association
CTFA · Question #75
___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.
The correct answer is A. Deposit Insurance. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
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
How the community answered
(37 responses)- A84% (31)
- B3% (1)
- C8% (3)
- D5% (2)
Topics
#deposit insurance#FDIC#NCUA#bank deposits
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