IIA Exam IIA-CFSA Topic 5 Question 28 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 28
Topic #: 5

[All IIA-CFSA Questions]

Demand deposit account allows customers to transfer money through the use of:

AChecks

BATMs and EFTs

CPoint of sale (POS) terminals

DAll of these

Show Suggested Answer

Suggested Answer: D

by Devora at Jan 04, 2023, 11:33 PM

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13 days ago

Definitely D. All of these options are correct for a demand deposit account.

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18 days ago

I'm not sure, but I think it's D) All of these because I know you can use checks, ATMs, and POS terminals with demand deposit accounts.

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22 days ago

I agree with Mitzie, because demand deposit accounts allow for various ways to transfer money.

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23 days ago

I think the answer is D) All of these.

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