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ABA CTFA Practice Test - Questions Answers, Page 17

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Question 161

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A mortgage which is in first lien position, taking priority over all other liens.

First mortgage
First mortgage
Callable debt
Callable debt
Fixed rate mortgage
Fixed rate mortgage
Graduated payment mortgage
Graduated payment mortgage
Suggested answer: A
asked 16/09/2024
Gerrit Struik
59 questions

Question 162

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__________ refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on the mortgage.

Foreclosure
Foreclosure
Default
Default
Amortization
Amortization
Callable debt
Callable debt
Suggested answer: A
asked 16/09/2024
Eric Persson
36 questions

Question 163

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The difference between fair market value and current indebtedness is called:

Down payment
Down payment
Amortization
Amortization
Equity
Equity
Fixed rate mortgage
Fixed rate mortgage
Suggested answer: A
asked 16/09/2024
Geetanjali Singh
40 questions

Question 164

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An account held by the lender into which the home buyer pays money for tax or insurance payments.

Entitlement
Entitlement
Deed of trust
Deed of trust
Escrow
Escrow
Earnest money
Earnest money
Suggested answer: C
asked 16/09/2024
Adetutu Ogunsowo
49 questions

Question 165

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It is a document that gives evidence of an individual's ownership of property. What is it?

Title
Title
Lien
Lien
Deed of trust
Deed of trust
Escrow
Escrow
Suggested answer: A
asked 16/09/2024
Gage Adams
38 questions

Question 166

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Mutual funds let you invest_________.

Invest risk free
Invest risk free
Avoid taxes
Avoid taxes
Profit in any market
Profit in any market
Invest in many stocks with relatively little money
Invest in many stocks with relatively little money
Suggested answer: D
asked 16/09/2024
Cristi Savin
52 questions

Question 167

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The fund's investment objective can be found in:

The prospectus
The prospectus
Statement of omitted information
Statement of omitted information
Letter from the president
Letter from the president
Statement of additional information
Statement of additional information
Suggested answer: A
asked 16/09/2024
Jhon Doe
40 questions

Question 168

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Large- value funds own__________.

Large company stocks considered overvalued
Large company stocks considered overvalued
Large amounts of value companies
Large amounts of value companies
Large company stocks considered under valued
Large company stocks considered under valued
Largely overvalued stocks
Largely overvalued stocks
Suggested answer: C
asked 16/09/2024
shridhar deshpande
42 questions

Question 169

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___________ specializes in low cost index funds.

Vanguard
Vanguard
Fidelity
Fidelity
T. Rowe Price
T. Rowe Price
Tocqueville
Tocqueville
Suggested answer: A
asked 16/09/2024
Vitalii Kucher
37 questions

Question 170

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Small-value funds own__________:

Small company stock considered undervalued
Small company stock considered undervalued
Stocks of small value
Stocks of small value
Small amounts of value companies
Small amounts of value companies
Small company stocks considered overvalued
Small company stocks considered overvalued
Suggested answer: A
asked 16/09/2024
Sam Krupesh
44 questions
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