Exam 2: Certified Trust and Financial Advisor

Charitable trust that is an irrevocable trust and that may be testamentary or inter-vivos (Between living persons) is called:

It is a contractual clause allowing the insured to continue insurance only at the insurer's option. What is it?

A derivative with a convex payoff-profile at some point before the option's maturity is a simple plan vanilla option. As the option becomes progressively more-in-the money, the rate at which the position makes money increases until a sympathetically approaches the linear payoff of the future. Similarly, as the option becomes progressively more out-of - the money, the rate at which the position loses money decreases until that rate becomes zero. This is an example of:

The objective/s of a trust department audit is/ are to:

Which of the following make use of divisor to adjust for stock splits?

___________ are financial intermediaries that hold portfolio of securities on the behalf of their shareholders.

The contracts that are not subject to unilateral changes in its provision and requires the performance of various functions and services for an extended period is called:

Which of the following is the basic exchange rate in the economy?

Which of the following bonds do not pay interest during the life of the bonds?

All of the following steps are involved in estimating the earnings stream, EXCEPT:

Which of the following term is used synonymously for the equity?

Which of the following types of bonds are usually unsecured debts maturing in 20-40 years and paying semi-annual interest?

Trust under will is a term referred to:

The practice of spreading money among different investments to reduce risk is known as _______.

Unlike trust, there is no conveyance of title to the account assets. When the ________ relationship is established; legal title to the property remains with the principal.

Investors typically cannot ascertain the exact makeup of a fund's portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades. This is because of _______ in mutual funds.

Three major types of whole life policies are available. Which of the following is/are Not out of those?

In which of the following the investors look at the historical perspective?

On Balance Volume one of technical indicator use _____ as base.

Total portfolio risk is __________.