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ABA CTFA Practice Test - Questions Answers, Page 55

List of questions

Question 541

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Which of the following is the right to sell?

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Question 542

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Individuals can invest in REITs:

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Question 543

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Securities products include:

1. Trusts

2. Annuities

3. Derivatives

4. Stocks

5. Bonds

6. Commodities

7. Mutual Funds

8. Pension Funds

9. Term Loans

10. Asset Management

11. Money Market Products

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Question 544

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The objective/s of a trust department audit is/ are to:

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Question 545

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The objective/s of trust department's administration of corporate trust accounts include:

1. Policies and producers ensure compliance with governing instruments, applicable law and accepted fiduciary principles

2. Deficiencies are identified and corrective action is promptly initiated

I3.There is sufficient management and staff expertise to administer these accounts

4.Effective policies , procedures and internal controls have been established

5.The legitimate needs of security holders and other interested parties are met in a professional and timely manner

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Question 546

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Personal trust accounts may be:

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Question 547

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Trust under will is a term referred to:

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Question 548

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The administration of personal trust accounts is primarily controlled by all of the following EXCEPT:

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Question 549

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Which one of the following is not commonly granted trustee's powers?

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Question 550

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Defined benefits & defined contribution plans and individual retirement accounts are commonly administered:

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Total 895 questions
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