File Info
| Exam | Certified Trust and Financial Advisor |
| Number | CTFA |
| File Name | Financial.CTFA.PracticeTest.2018-08-23.464q.vcex |
| Size | 270 KB |
| Posted | Aug 23, 2018 |
| Download | Financial.CTFA.PracticeTest.2018-08-23.464q.vcex |
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Demo Questions
Question 1
__________ refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on the mortgage.
- Foreclosure
- Default
- Amortization
- Callable debt
Correct answer: A
Question 2
The difference between fair market value and current indebtedness is called:
- Down payment
- Amortization
- Equity
- Fixed rate mortgage
Correct answer: A
Question 3
An account held by the lender into which the home buyer pays money for tax or insurance payments.
- Entitlement
- Deed of trust
- Escrow
- Earnest money
Correct answer: C
Question 4
It is a document that gives evidence of an individual’s ownership of property. What is it?
- Title
- Lien
- Deed of trust
- Escrow
Correct answer: A
Question 5
Mutual funds let you invest_________.
- Invest risk free
- Avoid taxes
- Profit in any market
- Invest in many stocks with relatively little money
Correct answer: D
Question 6
The fund’s investment objective can be found in:
- The prospectus
- Statement of omitted information
- Letter from the president
- Statement of additional information
Correct answer: A
Question 7
Large- value funds own__________.
- Large company stocks considered overvalued
- Large amounts of value companies
- Large company stocks considered under valued
- Largely overvalued stocks
Correct answer: C
Question 8
___________ specializes in low cost index funds.
- Vanguard
- Fidelity
- T. Rowe Price
- Tocqueville
Correct answer: A
Question 9
Small-value funds own__________:
- Small company stock considered undervalued
- Stocks of small value
- Small amounts of value companies
- Small company stocks considered overvalued
Correct answer: A
Question 10
Loan funds_________:
- Charge extra fees to buy or sell shares
- Don’t perform as well as no load funds
- Invest only in foreign securities
- Can’t be bought through fund supermarkets
Correct answer: A
