Free CTFA Exam Braindumps (page: 59)

Page 59 of 113

One advantage of a financial lease is that:

  1. It has a shorter maturity than term loans
  2. It never appears as a liability on the balance sheet
  3. It eliminate the needs to make periodic payments
  4. It provides a way to indirectly depreciate land

Answer(s): D



Medium-term notes (MTNs) have maturities that range up to:

  1. One year (But no more)
  2. Two years (but no more)
  3. Ten years (but no more)
  4. Thirty years (or more)

Answer(s): D



A direct lease, a sale and leaseback, and a leveraged lease are all examples of:

  1. Operating leases
  2. Financial leases
  3. Full-service leases
  4. "off-balance sheet" methods of financing

Answer(s): B



One of the components of monthly mortgage insurance is homeowner's insurance. Its cost varies with factor/s as:

  1. Age of the house
  2. Location
  3. Material used in construction
  4. A and B Only

Answer(s): A,B,C



Page 59 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
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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