Question 1

Duties of a mutual fund chief compliance officer include

Accepted Answer

A) policing the trading by non-fund managers. 
B) ensuring the accuracy of information provided to fund managers. 
C) reviewing fund business practices such as marketing and administration. 
D) reporting any wrongdoing directly to fund directors. 
E) All of the options. 
A) policing the trading by non-fund managers. 
B) ensuring the accuracy of information provided to fund managers. 
C) reviewing fund business practices such as marketing and administration. 
D) reporting any wrongdoing directly to fund directors. 
E) All of the options.

Question 2

An investor purchases fund shares with a 3 percent front-end load and expects to hold the shares for 10 years.The annualized sales load incurred by the investor is _______ per year.

Accepted Answer

A) 3 percent 
B) 30 percent 
C) 0.3 percent 
D) 1.3 percent 
E) 1 percent 
A) 3 percent 
B) 30 percent 
C) 0.3 percent 
D) 1.3 percent 
E) 1 percent

Question 3

Long-term mutual funds invest primarily in long-term, fixed-income securities such as corporate and/or government bonds.

Accepted Answer

A) True 
 B)False

Duties of a mutual fund chief compliance officer include

An investor purchases fund shares with a 3 percent front-end load and expects to hold the shares for 10 years.The annualized sales load incurred by the investor is _______ per year.

Long-term mutual funds invest primarily in long-term, fixed-income securities such as corporate and/or government bonds.

Why Are Financial Institutions Special

Financial Services: Depository Institutions

Financial Services: Finance Companies

Financial Services: Securities Brokerage and Investment Banking

Financial Services: Insurance

Risks of Financial Institutions

Interest Rate Risk I

Interest Rate Risk II

Credit Risk: Individual Loan Risk

Credit Risk: Loan Portfolio and Concentration Risk

Liquidity Risk

Foreign Exchange Risk

Sovereign Risk

Market Risk

Off-Balance-Sheet Risk

Technology and Other Operational Risks

Fintech Risks

Liability and Liquidity Management

Deposit Insurance and Other Liability Guarantees

Capital Adequacy

Product and Geographic Expansion

Futures and Forwards

Options, Caps, Floors, and Collars

Swaps

Loan Sales

Securitization

Filters

Exam 5: Financial Services: Mutual Funds and Hedge Funds

Duties of a mutual fund chief compliance officer include

An investor purchases fund shares with a 3 percent front-end load and expects to hold the shares for 10 years.The annualized sales load incurred by the investor is _______ per year.

Long-term mutual funds invest primarily in long-term, fixed-income securities such as corporate and/or government bonds.

Why Are Financial Institutions Special

Financial Services: Depository Institutions

Financial Services: Finance Companies

Financial Services: Securities Brokerage and Investment Banking

Financial Services: Insurance

Risks of Financial Institutions

Interest Rate Risk I

Interest Rate Risk II

Credit Risk: Individual Loan Risk

Credit Risk: Loan Portfolio and Concentration Risk

Liquidity Risk

Foreign Exchange Risk

Sovereign Risk

Market Risk

Off-Balance-Sheet Risk

Technology and Other Operational Risks

Fintech Risks

Liability and Liquidity Management

Deposit Insurance and Other Liability Guarantees

Capital Adequacy

Product and Geographic Expansion

Futures and Forwards

Options, Caps, Floors, and Collars

Swaps

Loan Sales

Securitization

Filters