Exam 2: Certified Trust and Financial Advisor

The optimal balance of marketable securities held to take care of probable deficiencies in the firm's cash account is referred to as the __________ segment in the one's portfolio of short-term marketable securities.

In processing __________, many entities keep a single file for each insured event, with separate identification of each claimant.

Securities products include: 1. Trusts 2. Annuities 3. Derivatives 4. Stocks 5. Bonds 6. Commodities 7. Mutual Funds 8. Pension Funds 9. Term Loans 10. Asset Management 11. Money Market Products

In which plan all activities writing automobile insurance in a state are allocated a share of the involuntary business on an equitable basis?

Which of the following terms refer to the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time?

Performance as _____________ is normally the only true trust relationship administered by a corporate trust department.

Red color indicates market or share price is going down

The main objective/s of an audit of swaps is/are:

Which of the following index is known as value weighting?

Uninsured motorists insurance is fairly low in cost. Because, the cost of the coverage is low compared to the amount of protection it provides, drivers should purchase at least:

Which of the following depicts a bullish trend in stock market?

Insurance that provides only death benefits, for a specified period, and does not provide accumulation of cash value is called:

Home office record-maintenance methods may include:

Maria worked her way through college earning $20,000 per year. After graduation, her first job pays $40,000. The total dollar amount Maria will have to pay in federal income taxes in her new job will:

Which of the following is NOT true about technical analysis?

A gold producer wants to hedge his loses attributable to a fall in the price of gold for his current gold currency. This is an example of:

Which of the following tests is used to test the weak form of market efficiency?

Availability float is the __________.

Assume our typical 65-year-old investor likewise has adequate insurance coverage and a cash reserve. Let's also assume she is retiring this year. This individual will want less risk exposure than the 25-year-old investor, because her earning power from employment will soon be ending; she will not be able to recover any investment losses by saving more out of her paycheck. Depending on her income from social security and a pension plan, she may need some current income from her retirement portfolio to meet living expenses. Given that she can be expected to live an average of another 20 years, she will need protection against inflation. A risk-averse investor will choose a combination of current income and capital preservation strategy; a more risk-tolerant investor will choose:

Which of the following equations assume a linear relationship between price and yield?