American Bankers Association Exam CTFA Topic 5 Question 71 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 71
Topic #: 5

[All CTFA Questions]

An account offered by credit unions that is similar to interest paying checking accounts offered by the other financial institutions is:

ADeposit insurance

BShare draft account

CInternet bank

DChecking and saving accounts

Show Suggested Answer

Suggested Answer: B

by Tiera at Jul 17, 2024, 05:42 PM

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Katie

9 days ago

Definitely going with B. Share draft account. That's the one that's most like a regular checking account at a bank, right?

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Candra

14 days ago

I'm not sure, but I think it's B) Share draft account too. It makes sense for credit unions to have similar accounts like other financial institutions.

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Theron

16 days ago

I agree with Tori, because credit unions offer share draft accounts for members.

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Tori

25 days ago

I think the answer is B) Share draft account.

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