Which of the following bank products is NOT subject to the disclosure provisions of the Interagency Statement on Retail Sales of Nondeposit Investment Products?

Question

Quizplus · Accepted Answer

The Interagency Statement on Retail Sales of Nondeposit Investment Products requires disclosure provisions for fixed-rate annuities, variable-rate annuities, and mutual funds. However, variable-rate savings accounts are not considered nondeposit investment products and therefore are not subject to the disclosure provisions of the statement.

Which of the Following Bank Products Is NOT Subject to the Disclosure