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: Aug 19, 2026

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Question 1

_________ acronym is that refers to a mortgage payment including stipulated portions of principal, interest, property, taxes and homeowner’s insurance.

A : PITI

B : Homeowner insurance

C : ABI

D : DITI

Answer: A

Question 2

If you had a savings account at a bank, which of the following would be correct concerning the interest that you would earn on this account?

A : Sales tax may be charged on the interest that you earn

B : You cannot earn interest until you pass your 18th birthday

C : Earnings from savings account interest may not be taxed

D : Income tax may be charged on the interest if your income is high enough

Answer: D

Question 3

What is the most important of the three financial management decisions?

A : Asset management decision

B : Financing decision

C : Investment decision

D : Accounting decision

Answer: C

Question 4

Financial plans that are more than five years off are called?

A : Opportunity plans

B : Long-term goals

C : Intermediate goals

D : Attainable goals

Answer: B

Question 5

The establishment of loss reserves generally requires considerable judgment and knowledge of the entity’s business is known as:

A : integration assessment

B : procurement assessment

C : qualitative assessment

D : quantitative assessment

Answer: C

Page: 1 / 180

Total 900 Questions | Updated On: Aug 19, 2026

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