Free American Bankers Association CTFA Exam Questions

Become American Bankers Association Certified with updated CTFA exam questions and correct answers

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Total 900 Questions | Updated On: Dec 16, 2025

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Question 1

It is referred to an investigation that involves contacting credit references or corresponding with a credit beureau to verify information on a credit application.

A : Credit bureau

B : Credit scoring

C : Credit investigation

D : Credit line

Answer: C

Question 2

Which of the following involves an additional source of basis risk due to the difference between the asset being hedged and the asset underlying the futures?

A : Long hedge

B : Short hedge

C : Cross hedge

D : Stack hedge

Answer: C

Question 3

What represents the amounts needed to provide for the estimated ultimate cost of settling claims relating to insured events that have occurred on or before a particular date?

A : Independent claim adjustment

B : Payment of claims

C : Insured claim adjustments

D : Claim adjustment expenses

Answer: D

Question 4

Which of the following is the characteristic of a cyclic stock?

A : Their value is tied with the overall state of national economy

B : They are low priced, speculative and risky securities

C : They have stable earning and no extensive liabilities

D : They have irregular earning and extensive liabilities too

Answer: A

Question 5

A voluntary program under Medicare that provides payments for services not covered under basic hospital insurance is called:

A : Supplementary medical insurance

B : Medicare

C : National health care

D : Blue cross

Answer: A

Page: 1 / 180

Total 900 Questions | Updated On: Dec 16, 2025

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