Download Certified Trust and Financial Advisor.CTFA.PracticeTest.2018-08-23.464q.vcex

Vendor: Financial
Exam Code: CTFA
Exam Name: Certified Trust and Financial Advisor
Date: Aug 23, 2018
File Size: 270 KB

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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.
  1. Foreclosure
  2. Default
  3. Amortization
  4. Callable debt
Correct answer: A
Question 2
The difference between fair market value and current indebtedness is called:
  1. Down payment
  2. Amortization
  3. Equity
  4. 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.
  1. Entitlement
  2. Deed of trust
  3. Escrow
  4. Earnest money
Correct answer: C
Question 4
It is a document that gives evidence of an individual’s ownership of property. What is it?
  1. Title
  2. Lien
  3. Deed of trust
  4. Escrow
Correct answer: A
Question 5
Mutual funds let you invest_________.
  1. Invest risk free
  2. Avoid taxes
  3. Profit in any market
  4. Invest in many stocks with relatively little money
Correct answer: D
Question 6
The fund’s investment objective can be found in:
  1. The prospectus
  2. Statement of omitted information
  3. Letter from the president
  4. Statement of additional information
Correct answer: A
Question 7
Large- value funds own__________.
  1. Large company stocks considered overvalued
  2. Large amounts of value companies
  3. Large company stocks considered under valued
  4. Largely overvalued stocks
Correct answer: C
Question 8
___________ specializes in low cost index funds.
  1. Vanguard
  2. Fidelity
  3. T. Rowe Price
  4. Tocqueville
Correct answer: A
Question 9
Small-value funds own__________:
  1. Small company stock considered undervalued
  2. Stocks of small value
  3. Small amounts of value companies
  4. Small company stocks considered overvalued
Correct answer: A
Question 10
Loan funds_________:
  1. Charge extra fees to buy or sell shares
  2. Don’t perform as well as no load funds
  3. Invest only in foreign securities
  4. Can’t be bought through fund supermarkets
Correct answer: A
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