CTFA Exam Questions

Insurance coverage that protects real and personal property from catastrophic losses caused by a variety of perils, such as fire, theft, vandalism, and windstorm is referred as:

What is that principle which states that an insured may not be compensated by the insurance company in an amount exceeding the insured's economic loss?

Assume that fire destroys two rooms of furniture that were 6 years old and had an estimated useful life of 10 years. The replacement cost is $5,000. Therefore at the time of loss,...

Co-inusrance is:

The amount of insurance coverage you receive depends on the type of homeowner's policy you buy. You can also obtain coverage if you're a renter or a condominium owner. The basic fo...

________ is an endorsement or policy providing either blanket or scheduled coverage of expensive personal property not adequately covered in a standard homeowner's policy.

Many types of properties are covered by homeowner's policies. These policies also define the types of losses they cover and the persons and the locations covered. There are three t...

A comprehensive automobile insurance policy designed to be easily understood by the "typical" insurance purchaser is called:

Uninsured motorists insurance is fairly low in cost. Because, the cost of the coverage is low compared to the amount of protection it provides, drivers should purchase at least:

It is an automobile insurance that reimburses the parties involved in an accident without regard to negligence.

An insurance policy providing excess liability coverage for homeowner's and automobile insurance as well as additional coverage not provided by either policy is referred as:

What can be the possible strategy to avoid liability?

_____________ is an insurance specialist who works for the insurance company as an independent adjustor or for an adjustment bureau, to investigate claims.

What is that form of investing in which future value and expected returns are highly uncertain?

__________ is a statement, preferably written, that specifies how investment capital will be invested to achieve a specific goal.

People often put money aside, sometimes for years, to save up enough to make just one major expenditure. Here are some common ones. Which of the following is Not out of those expen...

Securities market is a market place in which stocks, bonds, and other financial instruments are traded. Such markets can be:

A document made available to prospective security buyers that describes the firm and a new security issue. ___________ are responsible for ensuring that all the information in the...

Which of the following is least likely to be considered a short-term marketable security?

The optimal balance of marketable securities held to take care of probable deficiencies in the firm's cash account is referred to as the __________ segment in the one's portfolio o...

The marketable securities available for unassigned purposes at the current time is referred to as the __________ segment in the one's portfolio of short-term marketable securities.

Which of the following is not a standard method of transferring funds when using concentration banking?

Which of the following marketable securities is issued by the U.S. federal government?

Which of the following was not suggested by John Maynard Keynes as a reason for holding cash?

Which of the following statements most accurately describes the modern approach to cash management?

Collection float is the __________.

Deposit float is the __________.

Availability float is the __________.

Eurodollars are best described as __________.