Free CTFA Exam Braindumps (page: 35)

Page 35 of 113

According to the Bond Equivalent Yield (BEY) method, the yield on a $1, 000, 13-week US Treasury bill purchased for $960 would be closest to .

  1. 16 Percent
  2. 16.7 Percent
  3. 17 Percent
  4. 17.8 Percent

Answer(s): B



Accounts receivable conversion (a.k.a., check conversion) is the conversion of a paper check to

  1. An electronic check image
  2. A "substitute check"
  3. An ACH debit transaction
  4. A foreign currency

Answer(s): C



It is a type of flexible mortgage where the payments increase for a specified period of time and then level off. What is it?

  1. Flexible payment mortgage
  2. Graduated payment mortgage
  3. Constant payment mortgage
  4. Variable payment mortgage

Answer(s): B



________ is a claim upon a piece of property for the payment or satisfaction of a debt or obligation.

  1. Escrow
  2. Lien
  3. Callable debt
  4. Balloon payment mortgage

Answer(s): B



Page 35 of 113



Post your Comments and Discuss ABA CTFA exam with other Community members:

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

Alo commented on November 12, 2018
we shall see, just downloaded. Will report back
Anonymous
upvote