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Certified Trust and Financial Advisor (CTFA) (CTFA) - American Bankers Association Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
894 Total Questions
1
Question
Unlike trust, there is no conveyance of title to the account assets. When the established; legal title to the property remains with the principal. ________ relationship is
Options
A Guardianship
B None of these
C Estate Administration
D Agency Services
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2
Question
A gold producer wants to hedge his loses attributable to a fall in the price of gold for his current gold currency. This is an example of:
Options
A Currency Swaps
B All of these
C Commodity Swaps
D Interests rate Swaps
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3
Question
Adjusting and Others (AO) reserves are often provided for by using the calendar year paidto- paid method rather than the accident year paid-to-paid method used for Inflation in Defense & Cost Containment (DCC) reserves.
Options
A False
B True
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4
Question
Asset and liability management is:
Options
A An approach of specific assets and liabilities in a financial statement that requires correct mix of long and short term revenues.
B An approach of mix assets and liabilities in a financial statement that requires specific long and short term revenues.
C An approach of matching assets and liabilities that requires a correct mix of long and short term investments.
D An approach of mix assets and liabilities in a financial statement that requires specific long and short term revenues.
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5
Question
A form of the EMH which states that security prices fully reflect all public and private information.
Options
A Strong form efficiency
B None of the given options
C Weak form efficiency
D Semi strong form efficiency
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