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 14 )

Updated On: 1-Feb-2026
Page 14 of 91
PDF with 895 Questions

The purpose of financial markets is to:

  1. Increase the price of common stocks
  2. Lower the yield on bonds
  3. Allocate savings efficiently
  4. Control inflation

Answer(s): C



Money market mutual funds:

  1. Enable individuals and small businesses to invest indirectly in money-market instruments
  2. Are available only to high net-worth individuals
  3. Are involved in acquiring and placing mortgages
  4. Are also known as finance companies

Answer(s): A



A federal law requiring mortgage lenders to give potential borrowers a government publication describing the closing process and providing clear, advance disclosure of all closing costs to home buyers is called:

  1. Multiple listing service
  2. Real Estate settlement procedure Act
  3. Title check
  4. Closing statement

Answer(s): B



Contingency clause:

  1. Is the clause in a real estate sales contract that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice
  2. Is the clause in a real estate purchase contract that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice
  3. Is the clause in a automobile sales contract that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice
  4. Is the clause in a prequalification that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice

Answer(s): A



A corporation in which you are a shareholder has just gone bankrupt. Its liabilities are far in excess of its assets. You will be called on to pay:

  1. A proportionate share of bondholder claims based on the number of common shares that you own.
  2. A proportional share of all creditor claims based on the number of common shares that you own.
  3. An amount that could, at most, equal what you originally paid for the shares of common stock in the corporation.
  4. None of these

Answer(s): D



Viewing page 14 of 91
Viewing questions 66 - 70 out of 895 questions



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

Join the CTFA Discussion