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

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6 months ago

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

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6 months ago

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

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6 months ago

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

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7 months ago

I think the answer is B) Disclosure.

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