IIA-CFSA

IIA-CFSA practice questions, page 17 of 21, with answer review and explanations.

Question 81

Which one of the following generally pays higher rates of interest than saving accounts?

  1. Money market deposit accounts
  2. Certificates of deposit
  3. Term loans
  4. Asset-based financing

Question 82

Interest rates offered on new CDs changes:

  1. Daily at most banks
  2. Twice a day at most banks
  3. Weekly at most banks
  4. Monthly at most banks

Question 83

Certificates of deposit may be:

  1. Bearable or registered
  2. Negotiable or non-negotiable
  3. None of these
  4. Both of these

Question 84

Many businesses generally find CDs to be a:

  1. Satisfactory money management approach
  2. More than satisfactory money management approach
  3. Less than satisfactory money management approach
  4. Dissatisfactory money management approach

Question 85

Non-interest bearing accounts including checking accounts and escrow accounts are known as:

  1. Term deposit accounts
  2. Demand deposit accounts
  3. Fixed deposit accounts
  4. Both A and C