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ABA CTFA Practice Test - Questions Answers, Page 55
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Question 541
Which of the following is the right to sell?
Question 542
Individuals can invest in REITs:
Question 543
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
Question 544
The objective/s of a trust department audit is/ are to:
Question 545
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
Question 546
Personal trust accounts may be:
Question 547
Trust under will is a term referred to:
Question 548
The administration of personal trust accounts is primarily controlled by all of the following EXCEPT:
Question 549
Which one of the following is not commonly granted trustee's powers?
Question 550
Defined benefits & defined contribution plans and individual retirement accounts are commonly administered:
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