AFP Certified Treasury Professional CTP Question # 452 Topic 23 Discussion

AFP Certified Treasury Professional CTP Question # 452 Topic 23 Discussion

CTP Exam Topic 23 Question 452 Discussion:
Question #: 452
Topic #: 23

A town has $25 million excess funds to invest long term. The town’s investment policy requires it have full FDIC coverage on all investments. The town is willing to do its own due diligence on the financial institutions that they invest in, but would prefer to have one statement. Which of the following investment options meets its requirements?


A.

Certificate of Deposit Account Registry Service


B.

Separately managed diversified portfolio


C.

Institutional Money Market Account


D.

Jumbo Certificates of Deposit


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