Free CTFA Exam Braindumps (page: 31)

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_________ is the result writing a check for an amount greater than the current account balance.

  1. Overdrafts
  2. Undercrofts
  3. Checkbook ledger
  4. Overdraft protection

Answer(s): A



It is a booklet provided with a supply of checks, used to maintain accurate records of all checking account transactions.

  1. Overdrafts
  2. Undercrofts
  3. Checkbook ledger
  4. Overdraft protection

Answer(s): C



An arrangement between the account holder and the depository institution wherein the institution automatically pays a check that overdraws the account is called:

  1. Overdrafts
  2. Undercrofts
  3. Checkbook ledger
  4. Overdraft protection

Answer(s): D



Diversification:

  1. Allows you to profit in any market
  2. Is a way to reduce volatility of your investments
  3. Is the only way to profit in the long run
  4. Requires investing in hundreds of funds

Answer(s): B






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