American Bankers Association Exam CTFA Topic 2 Question 59 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 59
Topic #: 2

What is made on an instrument-by-instrument basis, generally when an instrument is initially recognized in the financial statements?

AElection

BDisclosure

CEligibility

DDiscount

Show Suggested Answer

Suggested Answer: A

by Art at Feb 11, 2024, 02:56 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

7 months ago

I think it's B) Disclosure because it's important to disclose information about each instrument.

upvoted 0 times

...

7 months ago

I'm not sure, but I feel like it could also be A) Election. Any thoughts?

upvoted 0 times

...

8 months ago

I agree with Katlyn. Disclosure makes sense in this context.

upvoted 0 times

...

8 months ago

I think the answer is B) Disclosure.

upvoted 0 times

...