Exam 2: Certified Trust and Financial Advisor

Group health insurance is the health insurance consisting of contracts written between a group, (employer, union, etc.) and the health care provider. Most health insurance plans fall into one of two categories. Which one of the following set represents those two categories?

Decreasing term policy is:

The method used to account for insurance and reinsurance contracts that do not transfer insurance risk is referred to as:

The weighted average of possible returns, with the weights being the probabilities of occurrence is referred to as __________.

_____________ funds may specialize in a particular industry segment, such as technology or consumer products stocks.

When Beta >1.0, it indicates that:

Which of the following is payment to owners in stock?

Which of the following approaches is a valuation relative to financial performance measure?

A person purchased a share of Acme.com common stock exactly one year ago for $45. During the past year the common stock paid an annual dividend of $2.40. The person sold the security today for $85. What is the rate of return the firm has earned?

The auditor responds to risks of material misstatements due to fraud in which of the following ways?

Many people put aside money to take care of unexpected expenses. If John and Jenny have money put aside for emergencies, in which of the following forms would it be of LEAST benefit to them if they needed it right away?

A voluntary program under Medicare that provides payments for services not covered under basic hospital insurance is called:

An insurance policy providing excess liability coverage for homeowner's and automobile insurance as well as additional coverage not provided by either policy is referred as:

Which of the following is pattern that occurs during high volatility, when a security shows great movement with the direction?

A primary motivation for investment in commodities is most likely the:

Financial instrument whose return is derived from the return on another instrument is known as a (n):

Under which measurement scale is data categorized, but not ranked?

Assume that fire destroys two rooms of furniture that were 6 years old and had an estimated useful life of 10 years. The replacement cost is $5,000. Therefore at the time of loss, the furniture was subject to an assumed physical depreciation of 60%, i.e., 3,000 in this case. Because the actual cash value is estimated at $2,000. So, the maximum insurer would have to pay is:

In which of the following cases support occur?

Which of the following is not the correct technical indicator?