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ABA CTFA Practice Test - Questions Answers, Page 42

List of questions

Question 411

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It is an automobile insurance that reimburses the parties involved in an accident without regard to negligence.

No-fault automobile insurance
No-fault automobile insurance
Comprehensive automobile insurance
Comprehensive automobile insurance
Collision insurance
Collision insurance
Automobile accidental damage coverage
Automobile accidental damage coverage
Suggested answer: A
asked 16/09/2024
Ayyaz Rehan Ikram
31 questions

Question 412

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An insurance policy providing excess liability coverage for homeowner's and automobile insurance as well as additional coverage not provided by either policy is referred as:

Personal liability umbrella policy
Personal liability umbrella policy
Captive agent
Captive agent
Independent agent
Independent agent
Claims adjuster
Claims adjuster
Suggested answer: A
asked 16/09/2024
Karoy Bandi
38 questions

Question 413

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What can be the possible strategy to avoid liability?

Understand what causes liability
Understand what causes liability
Develop you own safety program
Develop you own safety program
Carry adequate liability insurance
Carry adequate liability insurance
None of these
None of these
Suggested answer: A, B, C
asked 16/09/2024
Allen Yang
38 questions

Question 414

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_____________ is an insurance specialist who works for the insurance company as an independent adjustor or for an adjustment bureau, to investigate claims.

Personal liability umbrella
Personal liability umbrella
Captive agent
Captive agent
Independent agent
Independent agent
Claims adjuster
Claims adjuster
Suggested answer: A
asked 16/09/2024
Yesaldine Salazar
46 questions

Question 415

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What is that form of investing in which future value and expected returns are highly uncertain?

Hedging
Hedging
Speculating
Speculating
Short-term investment
Short-term investment
Long-term investment
Long-term investment
Suggested answer: A, B
asked 16/09/2024
Ziyad Karadsheh
35 questions

Question 416

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__________ is a statement, preferably written, that specifies how investment capital will be invested to achieve a specific goal.

Investment Line
Investment Line
Investment plan
Investment plan
Investment direction
Investment direction
Investment goal
Investment goal
Suggested answer: B
asked 16/09/2024
Grégory CALIX
39 questions

Question 417

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People often put money aside, sometimes for years, to save up enough to make just one major expenditure. Here are some common ones. Which of the following is Not out of those expenditures.:

The down payment on a home
The down payment on a home
An regular vacation
An regular vacation
Some capital for going into business
Some capital for going into business
Funds for retirement
Funds for retirement
Suggested answer: B
asked 16/09/2024
matthew kim
43 questions

Question 418

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Securities market is a market place in which stocks, bonds, and other financial instruments are traded. Such markets can be:

Physical businesses
Physical businesses
Electronic businesses
Electronic businesses
Having outstanding securities
Having outstanding securities
All of these
All of these
Suggested answer: D
asked 16/09/2024
Stephanie Scheffers
45 questions

Question 419

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A document made available to prospective security buyers that describes the firm and a new security issue. ___________ are responsible for ensuring that all the information in the prospectus accurately represents the facts.

Federal agencies
Federal agencies
Private parties
Private parties
Local governments
Local governments
State government
State government
Suggested answer: A
asked 16/09/2024
Marinus Johannes Klomp
45 questions

Question 420

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Which of the following is least likely to be considered a short-term marketable security?

An original issue 30-year corporate bond with one-year remaining until final maturity
An original issue 30-year corporate bond with one-year remaining until final maturity
An original issue 30-year government bond with one-year remaining until final maturity
An original issue 30-year government bond with one-year remaining until final maturity
A 90-day Treasury bill
A 90-day Treasury bill
Short-term corporate debt instruments with a 9-month original maturity
Short-term corporate debt instruments with a 9-month original maturity
Suggested answer: A
asked 16/09/2024
Aparna Roy
47 questions
Total 895 questions
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