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ABA CTFA Exam (page: 11)
ABA Certified Trust and Financial Advisor (CTFA)
Updated on: 25-Dec-2025

Viewing Page 11 of 91
CTFA PDF 895 Questions

The concept that dollar today is worth more than a dollar received in future. It is:

  1. Time value of money
  2. Compounding
  3. Timeline
  4. Future value

Answer(s): A



Rule 72 is:

  1. A useful formula for estimating how long it will take to double a sum at a given interest rate
  2. A useful formula for estimating how long it will take to triple a sum at a given interest rate
  3. A useful formula for estimating how long it will take to graphically represent the time value of money
  4. A useful formula for estimating how long it will take to make the future value of deposited money

Answer(s): A



On an accounting statement of cash flows an "increase(decrease) in cash and cash equivalents" appears as:

  1. A cash flow from operating activities
  2. A cash flow from investing activities
  3. A cash flow from financing activities
  4. None of the above

Answer(s): D



Uses of funds include a (an):

  1. Decrease in cash
  2. Increase in any liability
  3. Increase in fixed assets
  4. Tax refund

Answer(s): A



A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:

  1. Marginal tax rate
  2. Progressive tax structure
  3. Tax bracket
  4. Immovable tax structure

Answer(s): B



Viewing Page 11 of 91



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JUAN 6/28/2023 2:12:00 AM

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