Free Financial CFSA Exam Questions (page: 24)


QUESTION: 89
Trust departments provide services to publicly held companies related to issuing and
maintaining:

A. Stock transactions
B. Stock balances
C. Stock threshold
D. None off these

Answer(s): A
QUESTION: 90
Funds held in trust cannot be reinvented in:

A. Term deposits
B. Savings accounts
C. Financial institution's own securities
D. Floor-plan financing

Answer(s): C
QUESTION: 91
Banks provide the following personal trust service/services for the individuals:

A. Estate settlement
B. Co-fiduciary
C. Agent
D. Al of these

Answer(s): D
QUESTION: 92
Some wil s specify that more than one responsible party share the trustee's responsibilities of
an estate .The condition depicts relation with which one of the following trust services:

A. Guardians of estates
B. Co-fiduciary
C. Estate settlement
D. Trusts

Answer(s): B
QUESTION: 93
Corporations, government entities and other organizations use banks as trustee to handle the
function associated with a stock or bond issue.
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