ABA CTFA Practice Test - Questions Answers, Page 19
List of questions
Question 181

The 12b-1 fee covers_____________:
Fund's distribution and advertising cost
Investor education
Fund manager's travel expenses
Brokerage expenses
Suggested answer: A
Question 182

A________ is the time to pay your credit card bill without incurring finance charges.
Time line
Grace period
Overtime pay
Extension
Suggested answer: B
Question 183

An informal term for credit card is:
ATM
Discount card
Plastic
Play money
Suggested answer: C
Question 184

The total amount that you have to pay on a certain billing is:
Monthly membership fees
Minimum payment
Outstanding balance
Balancing act
Suggested answer: C
Question 185

____________ is the term used for the monthly report of all the accumulated charges.
Savings account
Balance
Purchase breakdown
Billing statement
Suggested answer: D
Question 186

It occurs when you don't make full payment on your previous bill.
Discount
Reward points
Finance charge
Membership fee
Suggested answer: C
Question 187

The least amount of money that you should pay on or before your due date is called:
Interest charge
Minimum payment
Total payment
Monthly fee
Suggested answer: B
Question 188

You can earn a ___________ when you continuously use your credit card for purchasing stuff.
Credit
Interest
Reward
Punishment
Suggested answer: C
Question 189

Credit cards offer ________ so you can withdraw money instantly.
Cash reward
Credit cash
Mortgage
Cash advance
Suggested answer: D
Question 190

Credit limit is:
The maximium credit amount that can be used on your credit card
The minimum credit amount that can be used on your credit card
The maximium credit amount that can be used on your ATM card
The minimium credit amount that can be used on your ATM card
Suggested answer: A
Question