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ABA CTFA Practice Test - Questions Answers, Page 19

List of questions

Question 181

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The 12b-1 fee covers_____________:

Fund's distribution and advertising cost
Fund's distribution and advertising cost
Investor education
Investor education
Fund manager's travel expenses
Fund manager's travel expenses
Brokerage expenses
Brokerage expenses
Suggested answer: A
asked 16/09/2024
miquel martin leiva
39 questions

Question 182

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A________ is the time to pay your credit card bill without incurring finance charges.

Time line
Time line
Grace period
Grace period
Overtime pay
Overtime pay
Extension
Extension
Suggested answer: B
asked 16/09/2024
olanrewaju malomo
36 questions

Question 183

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An informal term for credit card is:

ATM
ATM
Discount card
Discount card
Plastic
Plastic
Play money
Play money
Suggested answer: C
asked 16/09/2024
Jason Smith
39 questions

Question 184

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The total amount that you have to pay on a certain billing is:

Monthly membership fees
Monthly membership fees
Minimum payment
Minimum payment
Outstanding balance
Outstanding balance
Balancing act
Balancing act
Suggested answer: C
asked 16/09/2024
Aimé Tameti
45 questions

Question 185

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____________ is the term used for the monthly report of all the accumulated charges.

Savings account
Savings account
Balance
Balance
Purchase breakdown
Purchase breakdown
Billing statement
Billing statement
Suggested answer: D
asked 16/09/2024
Andrej Mišura
34 questions

Question 186

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It occurs when you don't make full payment on your previous bill.

Discount
Discount
Reward points
Reward points
Finance charge
Finance charge
Membership fee
Membership fee
Suggested answer: C
asked 16/09/2024
Maria Telan
34 questions

Question 187

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The least amount of money that you should pay on or before your due date is called:

Interest charge
Interest charge
Minimum payment
Minimum payment
Total payment
Total payment
Monthly fee
Monthly fee
Suggested answer: B
asked 16/09/2024
Mirza Daniyal Baig
43 questions

Question 188

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You can earn a ___________ when you continuously use your credit card for purchasing stuff.

Credit
Credit
Interest
Interest
Reward
Reward
Punishment
Punishment
Suggested answer: C
asked 16/09/2024
Nipunika Jayasundara
40 questions

Question 189

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Credit cards offer ________ so you can withdraw money instantly.

Cash reward
Cash reward
Credit cash
Credit cash
Mortgage
Mortgage
Cash advance
Cash advance
Suggested answer: D
asked 16/09/2024
Jefferson Salvio
43 questions

Question 190

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Credit limit is:

The maximium credit amount that can be used on your credit card
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 minimum credit amount that can be used on your credit card
The maximium credit amount that can be used on your ATM 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
The minimium credit amount that can be used on your ATM card
Suggested answer: A
asked 16/09/2024
Karesa Potts
31 questions
Total 895 questions
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