American Bankers Association CTFA Certified Trust and Financial Advisor Exam Practice Test

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Total 895 questions
Question 1

In determining whether an operation is self-sustaining or integrated, what you do not need to consider is:



Answer : B


Question 2

The process of analyzing and projecting the trends of a company's capital position given its current circumstances, its recent past, and its intended business plan under a variety of future scenarios is called:



Answer : B


Question 3

Which of the following is NOT the primary consideration for defining the capital of a company for purposes of measuring capital adequacy?



Answer : C


Question 4

A private agreement to buy or sell a given quantity of an asset such as a currency, interest rate or commodity at a specified future date at a specified price is called:



Answer : D


Question 5

Put Option is:



Answer : C


Question 6

In what, securities involve in repos are not delivered on the settlement date of the agreement and the contract may be extended upon mutual agreement of the buyer-lender and sellerborrower.



Answer : C


Question 7

____________ agreements may contain par cap provisions that could significantly alter the economics of the transactions.



Answer : A


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Total 895 questions