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ABA CTFA Practice Test - Questions Answers, Page 25

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A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:
Gross income essentially includes any and all income subject to federal taxes. Here are some common forms of gross income Except:
___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.
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Taxable income is:
Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.
All of the following are investment alternatives, Except:
In negotiating car prices, choosing among various makes, models, and options can make comparison difficult. You can check one of the popular price guides to research used car prices. What is that guide?
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Which of the following tests is used to test the weak form of market efficiency?

Question 241

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A way to analyze whether debt or lease financing would be preferable is to:

A.
Compare the net present values under each alternative, using the cost of capital as the discount rate
A.
Compare the net present values under each alternative, using the cost of capital as the discount rate
Answers
B.
Compare the net present values under each alternative, using the after-tax cost of borrowing as the discount rate
B.
Compare the net present values under each alternative, using the after-tax cost of borrowing as the discount rate
Answers
C.
Compare the payback periods for each alternative
C.
Compare the payback periods for each alternative
Answers
D.
Compare the effective interest costs involved for each alternative
D.
Compare the effective interest costs involved for each alternative
Answers
Suggested answer: B
asked 16/09/2024
Gianni Masaracchia
43 questions

Question 242

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A conventional revolving credit agreement allows:

A.
To borrow a fixed amount for the entire commitment period
A.
To borrow a fixed amount for the entire commitment period
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B.
To borrow for a short-period with a right to renew the loan during the commitment period
B.
To borrow for a short-period with a right to renew the loan during the commitment period
Answers
C.
To possibly include a provision to convert the credit agreement into a term loan contract at maturity
C.
To possibly include a provision to convert the credit agreement into a term loan contract at maturity
Answers
D.
All of the above
D.
All of the above
Answers
Suggested answer: D
asked 16/09/2024
mohammed zakir
38 questions

Question 243

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The type of lease that includes a third party, a lender, is called a(n):

A.
Sale and leaseback
A.
Sale and leaseback
Answers
B.
Direct leasing arrangement
B.
Direct leasing arrangement
Answers
C.
Leveraged lease
C.
Leveraged lease
Answers
D.
Operating lease
D.
Operating lease
Answers
Suggested answer: C
asked 16/09/2024
FARIZA MANNAN
39 questions

Question 244

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One advantage of a financial lease is that:

A.
It has a shorter maturity than term loans
A.
It has a shorter maturity than term loans
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B.
It never appears as a liability on the balance sheet
B.
It never appears as a liability on the balance sheet
Answers
C.
It eliminate the needs to make periodic payments
C.
It eliminate the needs to make periodic payments
Answers
D.
It provides a way to indirectly depreciate land
D.
It provides a way to indirectly depreciate land
Answers
Suggested answer: D
asked 16/09/2024
Claudious Utete
40 questions

Question 245

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Medium-term notes (MTNs) have maturities that range up to:

A.
One year (But no more)
A.
One year (But no more)
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B.
Two years (but no more)
B.
Two years (but no more)
Answers
C.
Ten years (but no more)
C.
Ten years (but no more)
Answers
D.
Thirty years (or more)
D.
Thirty years (or more)
Answers
Suggested answer: D
asked 16/09/2024
Tammy Tran
30 questions

Question 246

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A direct lease, a sale and leaseback, and a leveraged lease are all examples of:

A.
Operating leases
A.
Operating leases
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B.
Financial leases
B.
Financial leases
Answers
C.
Full-service leases
C.
Full-service leases
Answers
D.
'off-balance sheet' methods of financing
D.
'off-balance sheet' methods of financing
Answers
Suggested answer: B
asked 16/09/2024
Bahman Talachian
27 questions

Question 247

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One of the components of monthly mortgage insurance is homeowner's insurance. Its cost varies with factor/s as:

A.
Age of the house
A.
Age of the house
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B.
Location
B.
Location
Answers
C.
Material used in construction
C.
Material used in construction
Answers
D.
A and B Only
D.
A and B Only
Answers
Suggested answer: A, B, C
asked 16/09/2024
Charles Marlin
36 questions

Question 248

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Sale of real estate property in which the proceeds are less than the balance owed on loan secured by property sold.

A.
Foreclosure
A.
Foreclosure
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B.
Real estate short sale
B.
Real estate short sale
Answers
C.
Multiple listing service
C.
Multiple listing service
Answers
D.
None of these
D.
None of these
Answers
Suggested answer: B
asked 16/09/2024
Brandy Butman
34 questions

Question 249

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Real estate commissions generally range _______ for new homes and ________ for previously occupied homes or resales. It may be possible to negotiate a lower decision with your broker or to find or one who charges a flat fee.

A.
From 5%-6% for new and from 6%-7%
A.
From 5%-6% for new and from 6%-7%
Answers
B.
From 4%-6% for new and from 6%-9%
B.
From 4%-6% for new and from 6%-9%
Answers
C.
From 4%-6% for new and from 8%-9%
C.
From 4%-6% for new and from 8%-9%
Answers
D.
From 4%-6% for new and from 6%-7%
D.
From 4%-6% for new and from 6%-7%
Answers
Suggested answer: A
asked 16/09/2024
Ricardo Andres
30 questions

Question 250

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It is the process of arranging with a mortgage lender, in advance of buying a home, to obtain the amount of mortgage financing the lender deems affordable to home buyer.

A.
Multiple listing service
A.
Multiple listing service
Answers
B.
Prequalification
B.
Prequalification
Answers
C.
Earnest money deposit
C.
Earnest money deposit
Answers
D.
Contingency clause
D.
Contingency clause
Answers
Suggested answer: B
asked 16/09/2024
Asad yaseen
40 questions
Total 895 questions
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