Exam 2: Certified Trust and Financial Advisor

I- With reference to the granting of customer credit lines a thorough analysis of the customer's overall financial position is performed prior to trading authorization. II-confirmations of each transaction are sent to customers indicating the quantity, delivery month and the contract price to ensure the integrity of transactions. III-Original margin deposits in cash or acceptable securities to guarantee performance of contracts are determined in accordance These all are adequate procedures and controls associated with:

(Multiple Choice)

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Question 41

If your credit card is stolen and the thief runs up a total debt of $1,000, but you notify the issuer of the card as soon as you discover it is missing, what is the maximum amount that you can be forced to pay according to federal law?

(Multiple Choice)

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Question 42

All of the following are the causes of change in investor's circumstances, EXCEPT:

(Multiple Choice)

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Question 43

A sound portfolio statement helps to protect the client against a portfolio manager's:

(Multiple Choice)

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Question 44

A form of the EMH which states that security prices fully reflect all public and private information.

(Multiple Choice)

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Question 45

Insurance agents act as contractors in groups who express one or more entity with express authority to act for the entity in dealing with insured.

(True/False)

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Question 46

Many savings programs are protected by the federal government against loss. Which of the following is Not?

(Multiple Choice)

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Question 47

Annuities can be purchased through the following methods EXCEPT:

(Multiple Choice)

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Question 48

The SEC rules clarify that management's assessment and report is limited to internal control over financial reporting.

(True/False)

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Question 49

Final approval should be obtained prior to placing a new system into operation is the activity that can be fall into which control?

(Multiple Choice)

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Question 50

In which of the following cases resistance occurs?

(Multiple Choice)

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Question 51

When policy periods expire, the premiums written are earned and are recognized as __________.

(Multiple Choice)

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Question 52

Which of the following trading systems is used by the Stock Exchange?

(Multiple Choice)

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Question 53

Close-end funds are traded on:

(Multiple Choice)

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Question 54

Which of the following measures the sensitivity of the asset's price to interest rate movements, expressed as a number of years?

(Multiple Choice)

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Question 55

All of the following are the forms of risk, EXCEPT:

(Multiple Choice)

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Question 56

Which of the following is a current market in which all buying and selling is done on cash or margin basis?

(Multiple Choice)

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Question 57

What provide for monetary compensation to third parties for failure by the insured to perform specifically covered acts with in a state period?

(Multiple Choice)

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Question 58

If interest rates fall, a bond issuer may decide to pay off (or "retire") its debt and issue new bonds that pay a lower rate. When this happens, the fund may not be able to reinvest the proceeds in an investment with a high return or yield. This is an example of:

(Multiple Choice)

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Question 59

Defined benefits & defined contribution plans and individual retirement accounts are commonly administered:

(Multiple Choice)

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Question 60

Showing 41 - 60 of 399

If your credit card is stolen and the thief runs up a total debt of $1,000, but you notify the issuer of the card as soon as you discover it is missing, what is the maximum amount that you can be forced to pay according to federal law?

All of the following are the causes of change in investor's circumstances, EXCEPT:

A sound portfolio statement helps to protect the client against a portfolio manager's:

A form of the EMH which states that security prices fully reflect all public and private information.

Insurance agents act as contractors in groups who express one or more entity with express authority to act for the entity in dealing with insured.

Many savings programs are protected by the federal government against loss. Which of the following is Not?

Annuities can be purchased through the following methods EXCEPT:

The SEC rules clarify that management's assessment and report is limited to internal control over financial reporting.

Final approval should be obtained prior to placing a new system into operation is the activity that can be fall into which control?

In which of the following cases resistance occurs?

When policy periods expire, the premiums written are earned and are recognized as __________.

Which of the following trading systems is used by the Stock Exchange?

Close-end funds are traded on:

Which of the following measures the sensitivity of the asset's price to interest rate movements, expressed as a number of years?

All of the following are the forms of risk, EXCEPT:

Which of the following is a current market in which all buying and selling is done on cash or margin basis?

What provide for monetary compensation to third parties for failure by the insured to perform specifically covered acts with in a state period?

If interest rates fall, a bond issuer may decide to pay off (or "retire") its debt and issue new bonds that pay a lower rate. When this happens, the fund may not be able to reinvest the proceeds in an investment with a high return or yield. This is an example of:

Defined benefits & defined contribution plans and individual retirement accounts are commonly administered:

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