American Bankers Association CTFA Exam Questions Instant Access

Question 1

____________ are usually expected to produce significant gains.

ADefensive stocks

BIncome stocks

CBlue chips

DGrowth stocks

Answer : C

Question 2

Most auto leases include a purchase option. The annual mileage allowance is another consideration of lease term. Mileage allowance typically about:

A10,000 to 25,000

B10,000 to 15,000

C10,000 to 20,000

D7,000 to 10,000

Answer : B

Question 3

In 3 years you are to receive $5,000. If the interest rate were to suddenly increase, the present value of that future amount to you would:

AFall

BRise

CRemain unchanged

DCannot be determined without more information

Answer : A

Question 4

Managerial options can be viewed as:

AMethods for reducing agency risk through the use of incentives

BMethods for reducing total firm risk through diversification

CStrategies for increasing management compensation

DOpportunities for altering management decisions in the future

Answer : D

Question 5

In negotiating car prices, choosing among various makes, models, and options can make comparison difficult. You can check one of the popular price guides to research used car prices. What is that guide?

ANational Automobile Dealers Association

BNational Automobile manufacturer Association

CNational Automobile vendor Association

DNone of these

Answer : A

Question 6

Which of the following is NOT the date that is the key to classify the chronology of the data?

Apolicy date

Baccident date

Creinsurance date

Dreport date

Answer : C

Question 7

Bond funds offer_________:

AZero volatility

BRelatively stable income

CSuperior capital appreciation

DNo-risk investment

Answer : B

American Bankers Association Certified Trust and Fiduciary Advisor CTFA Exam Questions