IIA
IIA-CFSA · Question #112
Under the interagency statement when a bank recommends or sells non-deposit investment product it should inform the customer that the product is:
The correct answer is D. Only B&C. See the full explanation below for the reasoning.
Question
Under the interagency statement when a bank recommends or sells non-deposit investment product it should inform the customer that the product is:
Options
- AHaving high interest rate
- BNot insured by FDIC
- CNot a deposit or other obligation of, or guaranteed by the depository institution
- DOnly B&C
How the community answered
(28 responses)- A7% (2)
- B4% (1)
- C7% (2)
- D82% (23)
Community Discussion
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