CMFAS M8 / M8A / M9 / M9A / CM-CIS / CM-LIP / CM-LIC

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CMFAS M8 (Set 1)
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8 Nov 2024

CMFAS M8 Exam Question

Which of the following actions can be taken to secure a price now to protect against future declining prices of a commodity?

a) Go long on the commodity futures contract.

b) Go short on the commodity futures contract.

c) Sell all existing stock of the commodity.

d) Buy more stock of the commodity.
CMFAS M8 (Set 2)
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8 Nov 2024

CMFAS M8 Exam Question

Which of the following is NOT true regarding banker’s acceptances?

a) They are used to facilitate international commercial trade transactions.

b) They represent a claim on the issuing bank.

c) They have no maturity date.

d) They are issued at a discount to face value.
CMFAS M8A (Set 1)
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8 Nov 2024

CMFAS M8A Exam Question

Structured Funds have which of the following types of characteristics compared to other types of wrappers?

a) High administrative cost.

b) Capital guaranteed.

c) Flexibility.

d) Transparency.
CMFAS M8A (Set 2)
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8 Nov 2024

CMFAS M8A Exam Question

Which of the following is NOT an early termination feature in a structured product?

a) Callable option.

b) Kick-in option.

c) Knock-out option.

d) Default option.
CMFAS M9 (Set 1)
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8 Nov 2024

CMFAS M9 Exam Question

Which of the following should be performed if one intends to retain the full financial responsibility of a risk?

a) Buying insurance.

b) Selling insurance.

c) Setting aside adequate emergency funds.

d) Implementing preventive measures.
CMFAS M9 (Set 2)
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8 Nov 2024

CMFAS M9 Exam Question

The premiums of life insurance policies are calculated by professionals known as:

a) Actuaries.

b) Calculators.

c) Adjustors.

d) Insurance analysts.
CMFAS M9A (Set 1)
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8 Nov 2024

CMFAS M9A Exam Question

Which of the following products are classified as products designed to protect capital?

a) Bonus certificates.

b) Equity-linked notes.

c) Reverse convertible bonds.

d) Discount certificates.
CMFAS M9A (Set 2)
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8 Nov 2024

CMFAS M9A Exam Question

When the futures price is higher than the spot price, the situation is known as:

a) Contango.

b) Backwardation.

c) Basis.

d) Variation.