Timothy Has $42,000 in a Savings Account with the Jefferson

question 236

Multiple Choice

Timothy has $42,000 in a savings account with the Jefferson Credit Union. While economic conditions have caused financial institutions to struggle, Timothy feels that his money is safe due to the fact that the credit union's accounts are protected by the

• A) Federal Deposit Insurance Corporation (FDIC).
• B) Credit Union Insurance Fund (CUIF).
• C) National Alliance of Credit Union Underwriters (NACUU).
• D) National Credit Union Administration (NCUA).

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Definitions:

Firm Implementation

The process of putting a business strategy or plan into action to achieve its goals and objectives.

Float

The time difference between when a check is written and when the funds are actually withdrawn from the account, or the number of shares available for trading of a particular stock.

Smart Card

A smart card is a plastic card embedded with a microprocessor chip, which can store and process data, used for various purposes such as financial transactions, identification, and access control.

Dividend Capture

An investment strategy aimed at buying stocks before the ex-dividend date and selling them shortly after, to collect dividend payouts.