Free CTFA Exam Braindumps
Certified Trust and Financial Advisor (CTFA) Questions 176–180 (page: 37)

Updated On: 9-Feb-2026

The least amount of money that you should pay on or before your due date is called:

  1. Interest charge
  2. Minimum payment
  3. Total payment
  4. Monthly fee

Answer(s): B



You can earn a when you continuously use your credit card for purchasing stuff.

  1. Credit
  2. Interest
  3. Reward
  4. Punishment

Answer(s): C



Credit cards offer so you can withdraw money instantly.

  1. Cash reward
  2. Credit cash
  3. Mortgage
  4. Cash advance

Answer(s): D



Credit limit is:

  1. The maximum credit amount that can be used on your credit card
  2. The minimum credit amount that can be used on your credit card
  3. The maximum credit amount that can be used on your ATM card
  4. The minimum credit amount that can be used on your ATM card

Answer(s): A



In credit card payments, late payment charges occur when you only pay the minimum payment.

  1. True
  2. False
  3. It depends
  4. There are no such charges

Answer(s): B



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