AFP
CTP · Question #335
(Topic 4) A town has $25 million excess funds to invest long term. The town's investment policy requires it have full FDIC coverage on all investments. The town is willing to do its own due…
The correct answer is A. Certificate of Deposit Account Registry Service. See the full explanation below for the reasoning.
Question
- (Topic 4)
A town has $25 million excess funds to invest long term. The town’s investment policy requires it have full FDIC coverage on all investments. The town is willing to do its own due diligence on the financial institutions that they invest in, but would prefer to have one statement. Which of the following investment options meets its requirements?
Options
- ACertificate of Deposit Account Registry Service
- BSeparately managed diversified portfolio
- CInstitutional Money Market Account
- DJumbo Certificates of Deposit
How the community answered
(30 responses)- A73% (22)
- B7% (2)
- C3% (1)
- D17% (5)
Community Discussion
No community discussion yet for this question.