CTFA

CTFA practice questions, page 21 of 35, with answer review and explanations.

Question 101

___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.

  1. Deposit Insurance
  2. Demand deposit
  3. Time deposit
  4. Money market mutual fund

Question 102

A checking account on which the financial institution pays interest; it have no legal minimum balance is called:

  1. Money market deposit account
  2. Negotiable order of withdrawal account
  3. Money market mutual funds
  4. Asset management account

Question 103

Which one of the followings is a mutual fund that pools the funds of many small investors and purchases high-return, short-term marketable securities?

  1. Money market deposit account
  2. Negotiable order of withdrawal account
  3. Money market mutual funds
  4. Asset management account

Question 104

It is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. What is it?

  1. Money market deposit account
  2. Negotiable order of withdrawal account
  3. Money market mutual funds
  4. Asset management account

Question 105

A comprehensive deposit account, offered primarily by brokerage houses and mutual funds is a/an:

  1. Money market deposit account
  2. Negotiable order of withdrawal account
  3. Money market mutual funds
  4. Asset management account