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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
Audit risk consists of:
Options
A Risk of material misstatement
B Neither A nor B
C detection of risk
D Both A & B
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2
Question
To say that there is "asymmetric information" in the issuing of common stock or debt means that:
Options
A Management has more accurate information than investors have
B The markets have nearly perfect information
C Investors have nearly perfect information
D Investors have more accurate information than management has
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3
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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4
Question
An order made by an account holder instructing the depository institution to refuse payment on an already issued check.
Options
A Overdraft protection
B Stop payment
C Overdraft
D Checkbook ledger
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5
Question
The phase of the economic cycle when levels of employment and production are high and economy is growing, generally accompanied by high prices for goods and services is called:
Options
A Recovery
B Expansion
C Growth
D Depression
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