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American Bankers Association CTFA Exam - Topic 6 Question 96 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 96
Topic #: 6
[All CTFA Questions]

Uses of funds include a (an):

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Suggested Answer: A

by Mattie at Oct 28, 2025, 02:50 AM

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Leontine
2 months ago
True, but C is more about long-term benefits.
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Rickie
2 months ago
But what about A) Decrease in cash? That’s also a use of funds.
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Telma
2 months ago
I thought liabilities were a source of funds, not a use!
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Ira
2 months ago
Wait, how is a tax refund a use of funds?
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Malcolm
2 months ago
Totally agree with that!
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Pearly
2 months ago
C) Increase in fixed assets is a use of funds.
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Roosevelt
3 months ago
I’m confused about D) Tax refund. It seems like it could be a use of funds, but I thought refunds were more about getting money back?
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Brynn
3 months ago
I practiced a similar question, and I think liabilities increasing is more of a source of funds, so B) seems wrong.
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Linwood
3 months ago
I'm not entirely sure, but I feel like a decrease in cash is definitely a use of funds, so A) could be right.
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Mozell
3 months ago
Haha, D. Tax refund. What kind of exam is this, a comedy routine?
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Brandee
3 months ago
D. Tax refund? Really? That's not a use of funds, that's a source of funds!
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Dalene
3 months ago
I'd go with C. Increasing fixed assets seems like a pretty common use of funds.
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Carin
4 months ago
I think I remember that uses of funds usually mean something that costs money, so maybe it's C) Increase in fixed assets?
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Renato
4 months ago
I agree, Alex. Fixed assets are essential for growth.
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Ciara
4 months ago
I think it's C) Increase in fixed assets. It shows investment.
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Jules
4 months ago
A) Decrease in cash makes sense too.
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Ressie
5 months ago
A, B, and C all seem like valid uses of funds to me.
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Dominga
5 months ago
Ah, I see what they're getting at. Uses of funds are outflows of cash, so the right answer has to be either A, B, or C. A tax refund wouldn't be a use of funds, so I'll go with C.
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Antonio
5 months ago
This is a good test of my understanding of financial accounting concepts. I'll eliminate the options that don't fit the definition of uses of funds, then select the correct answer.
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Mozell
5 months ago
I'm a little unsure about this one. I know uses of funds are things that reduce cash, but I'm not totally clear on the other options. Maybe I should review my notes quickly before answering.
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Jerry
5 months ago
Okay, I know uses of funds are things that decrease cash or increase liabilities or fixed assets. I think the answer is C, increase in fixed assets.
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Noe
6 months ago
Hmm, this seems like a straightforward accounting question. I'll need to think through the definitions of each option carefully.
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Thaddeus
11 days ago
I’m leaning towards fixed assets as well.
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Latanya
17 days ago
Tax refunds can be tricky too.
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Laura
22 days ago
Fixed assets seem like a solid choice.
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Flo
27 days ago
Definitely! But what about liabilities?
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Lindsey
4 months ago
I think it's about cash flow.
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