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IIA-CFSA · Question #153

IIA-CFSA Question #153: Real Exam Question with Answer & Explanation

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Question

Deposit accounts are either interest bearing or non-interest bearing. Interest bearing accounts includes _________ and ___________. The types of accounts bear interest for a fixed period of time and are known as time deposits.

Options

  • ASavings accounts, certificates of deposit
  • BSavings accounts, term deposit
  • CCertificate of deposit, Savings accounts and certificates of deposit
  • DSavings accounts, certificates of deposit and non-interesting bearing account

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