Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk
ServiceNow
All Vendors
  2. Home
  3. Exams
  4. ABA
  5. CTFA

ABA CTFA Exam
Certified Trust and Financial Advisor (CTFA) (Page 13 )

Updated On: 1-Feb-2026
Page 13 of 91
PDF with 895 Questions

A line of credit issued against the existing equity in a home is called:

  1. Home equity credit line
  2. Overdraft protection line
  3. Revolving line of credit
  4. Unsecured personal credit line

Answer(s): A



About half of the credit cards are rebate cards, and new cards are introduced every day. In one credit card incentive program, a number of credit cards allow cardholder to earn annual rebates of up to 5% for new car purchases or leases and gas and auto maintenance purchases up to specified limits.

  1. Automobile rebate program
  2. Frequent flyer program
  3. Other merchandise program
  4. Balance transfer program

Answer(s): A



Assume that a "temporary" additional (US federal tax related) first-year bonus depreciation of 50 percent applies to a new, $100, 000 piece of equipment purchased by Bellman’s Chocolatier, Inc. The asset has a $10, 000 estimated final salvage value. If this asset is fully depreciated for tax purposes over its useful life, the overall amount that Bellman’s will have depreciated for tax purposes is .

  1. $90, 000
  2. $100, 000
  3. $135, 000
  4. $150, 000

Answer(s): B



How are funds allocated efficiently in a market economy?

  1. The most powerful economic unit receives the funds
  2. The economic unit that is willing to pay the highest expected return receives the funds
  3. The economic unit that considers itself most in need of funds receives them
  4. Receipt of the funds is rotated so that each economic unit can receive them in turn

Answer(s): B



Which of the following is NOT an example of a financial intermediary?

  1. International Business Machines, Inc. (IBM)
  2. Vanguard Mutual Fund
  3. El Dorado Savings and Loan Association
  4. Bank of America

Answer(s): A



Viewing page 13 of 91
Viewing questions 61 - 65 out of 895 questions



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

Join the CTFA Discussion