Free American Bankers Association CTFA Exam Actual Questions

The questions for CTFA were last updated On Dec 14, 2025

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Question No. 1

Money given by a buyer to a seller, as part of the purchase price to bind a transaction or assure payment.

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Correct Answer: C

Question No. 2

It is a term life policy written for a given number of years with coverage remaining unchanged throughout the effective period. What is it?

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Correct Answer: A

Question No. 3

Home office record-maintenance methods may include:

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Correct Answer: A

Question No. 4

A construction loan made during completion of a building or a project.

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Correct Answer: A

Question No. 5

Trevor is a member of a defined benefit company pension scheme. Which factor relating to his circumstances confirms that he will avoid incurring a special annual allowance charge in the current tax year?

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Correct Answer: C