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Sharpen Your Knowledge with American Bankers Association CTFA (Certified Trust and Financial Advisor) Certification Sample Questions
CertsTime has provided you with a sample question set to elevate your knowledge about the American Bankers Association Certified Trust and Financial Advisor exam. With these updated sample questions, you can become quite familiar with the difficulty level and format of the real Certified Trust and Financial Advisor certification test. Try our sample American Bankers Association Certified Trust and Financial Advisor certification practice exam to get a feel for the real exam environment. Our sample practice exam gives you a sense of reality and an idea of the questions on the actual American Bankers Association Certified Trust and Financial Advisor certification exam.
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American Bankers Association Certified Trust and Financial Advisor Sample Questions:
___________ reserves for income tax purposes are referred to as maximum tax actuarial reserves (MTAR) and replace the actuarial liabilities used for accounting purposes in computing taxable income.
_____________ is considered to be self-sustaining if it is financially and operationally independent of the reporting enterprise.
The nature and extent of interest rate risk, credit risk, reinsurance risk and other significant risks should be disclosed is required for:
The Appointed Actuary has a responsibility to express an opinion on the appropriateness of certain actuarially determined amounts in the financial statements.
A substantial investment is defined as any investment comprising more than 15 percent of an enterprise's voting shares or greater than 35 percent of its equity.
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