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ABA CTFA Exam (page: 7)
ABA Certified Trust and Financial Advisor (CTFA)
Updated on: 25-Dec-2025

Viewing Page 7 of 91
CTFA PDF 895 Questions

It is a measure of inflation based on changes in consumer goods and services:

  1. Consumer price Index
  2. Customer price Index
  3. Market rate Index
  4. Market value

Answer(s): A



Inflation is a vital concern to financial planning. It affects not only what we pay for our good s and services but also what we earn in our jobs. The amount of goods and services each dollar buys at a given time is:

  1. Purchasing power
  2. Seller's demand
  3. Market value
  4. Sales purchase difference

Answer(s): A



Balance sheet and income statements that serve as essential planning tools for developing and monitoring personal financial plans may be referred as:

  1. Personal financial statements
  2. Legal financial statements
  3. Illegal financial statements
  4. Company profile

Answer(s): A



It's a detailed financial report that looks forward, based on expected income and expenses.

  1. Balance sheet
  2. Income Statement
  3. Budget
  4. Equity turnover

Answer(s): C



The actual value of an asset, or the price of an asset, or the price for which it can reasonably be expected to sell in the open market is its:

  1. Actual price
  2. Book value
  3. Depreciation amount
  4. Fair market value

Answer(s): D



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