Which one of the following savings plans is not covered by federal deposit insurance?
A) Passbook account at a savings and loan
B) Regular checking account at a commercial bank
C) Money market account at a commercial bank
D) Money market fund with an investment company
E) Certificate of deposit at a commercial bank
Correct Answer:
Verified
Q2: Which of the following statements regarding debit
Q3: Checking accounts are frequently referred to as
Q8: A regular savings account usually offers a
Q14: When preparing a bank reconciliation,interest earned on
Q16: When interest rates are rising,a person would
Q17: A trust has the purpose of:
A)solving a
Q18: A certificate of deposit is usually considered
Q23: In recent years, membership in credit unions
Q24: A certificate of deposit usually has:
A) high
Q34: The Truth in Savings law requires that
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