ABA CTFA Exam
Certified Trust and Financial Advisor (CTFA) (Page 2 )

Updated On: 1-Feb-2026

Financial goals cove a wide range of financial aspirations such as:

  1. Controlling living expenses
  2. Meeting retirement needs
  3. Setting up a savings and investment program
  4. All of the above

Answer(s): D



Student loans are amortized with monthly payments over a period of 5 to 10 years. To help you service the debt, if you have several student loans outstanding then you can consolidate the loans, at a single blended rate, and extend the repayment period to s long as:

  1. 20 years
  2. 30 years
  3. 25 years
  4. 40 years

Answer(s): A



Collateral is a/an:

  1. An item of value used to secure the interest amount
  2. An item of value used to secure the principle portion of a loan
  3. An item of value used to secure the credit line of a loan
  4. An item of value used to secure the repayments of a loan

Answer(s): B



Loans made for specific purposes using formally negotiated contracts that specify the borrowing terms and repayments are called:

  1. Mortgage loans
  2. Credit lines
  3. Consumer loans
  4. SME loans

Answer(s): C



It is a professional financial advisor who assists overextended consumers in repairing budgets for both spending and debt repayment.

  1. Credit counselor
  2. Consumer counselor
  3. Financial planner
  4. Underwriter

Answer(s): A



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