Tangible Personal Property - Answer-personal property that can be moved (ex. gold bar, jewelry)
Probate Estate - Answer-the property of a decedent that is subject to administration by the executor or
administrator of an estate
Under joint tenants with rights of survivorship, when one tenant dies...
CTFA Level 1 Tangible Personal Property - Answer -personal property that can be moved (ex. gold bar, jewelry) Probate Estate - Answer -the property of a decedent that is subject to administration by the executor or administrator of an estate Under joint tenants with rights of survivorship, when one tenant dies which of the following best describes the result? - Answer -Her share passes to the surviving joint tenant regardless of what her will says In cutting down a tree, which of the following occurs? - Answer -Real property is converted to personal property A decrease in the money supply will: - Answer -slow the economy The most important factor in the long term performance of equity (stock) investments - Answer -the management of the corporation The most important factor in the short term performance of equity (stock) investments is: - Answer -the economy Cyclical changes in the business cycle would most likely have the greatest effect on a : - Answer -machine tool company Example of the use of fiscal policy to stimulate the economy: - Answer -An increase in spending by the federal government on new highway construction Effect of strengthening the U.S. dollar in comparison to other currencies - Answer -Foreign imports are more competitive than U.S. goods & U.S. exports are less competitive than domestic goods Disintermediation - Answer -When interest rates rise and yields on money market instruments increase well above interest rates offered by banks. Therefore investors invest in higher yielding funds they have withdrawn from banks. Federal Reserve Stimulating Economy - Answer -Buying U.S. Gov securities in the open market & Lowering reserve requirements & reducing margin requirements. When a member bank of the Federal Reserve System borrows from the Federal Reserve, it would pay - Answer -Discount rate Uniform Prudent Investor Act - Answer -Modern portfolio theory Which of the following types of companies is cyclical - Answer -Household appliances The auto industry is considered which of the following - Answer -Cyclical Investment representing ownership - Answer -Stocks Stocks of companies whose earnings are growing at a faster annual rate than the earnings of companies in general - Answer -Growth Term for stocks of companies whose earnings are less affected by the economic cycles of business activity - Answer -Defensive Receipts representing shares of foreign stocks that are held on behalf of an investor by a financial institution in the United States are: - Answer -Multinationals The opportunity to buy unissued common stock at a specified price, over a long period of time, is provided to the holder of a - Answer -Warrant A preferred stock that is entitled to dividends in arrears is known as - Answer -Cumulative
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