Most Recent American Bankers Association CTFA Exam Questions & Answers

Prepare for the American Bankers Association Certified Trust and Financial Advisor exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the American Bankers Association CTFA exam and achieve success.

The questions for CTFA were last updated on Jan 18, 2025.

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Question No. 1

Apart from comparing cover and costs, what other key factor should usually be considered if a financial adviser intends to recommend that a client cancels an existing term assurance policy and replaces it with a new one?

AThe insurable interest

BThe underwriting requirements

CThe secondhand policy market value

DThe chargeable gains

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Correct Answer: B

Question No. 2

About half of the credit cards are rebate cards, and new cards are introduced every day. In one credit card incentive program card holder earn free frequent flyer miles for each dollar charged on his/her credit card. These frequent flyer miles can then be used with airline-affiliated programs for free tickets, first --class upgrades, and other travel related benefits. This program is a/an:

AAutomobile rebate program

BFrequent flyer program

CMerchandise program

DBalance transfer program

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Correct Answer: B

Question No. 3

Stocks of established companies are called:

AGrowth stocks

BBlue chip stocks

CCyclic stocks

DIncome Stocks

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Correct Answer: B

Question No. 4

If an investment banker has agreed to sell a new issue of securities on a best-efforts basis, the issue:

AMost likely involves an unusually large stock offering

BMost likely involves bonds instead of common stock

CResults in no assumption of underwriting risk by the investment banker

DMost likely involves a well-established, large company

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Correct Answer: C

Question No. 5

High price earnings ratio often indicate that investors:

AAre avoiding the company stock

BAre optimistic about the company

CLike the company products

DDon' t worry about the inflation

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Correct Answer: B

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