
CMFAS M6A (Set 1)
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4 Sep 2025
CMFAS M6A Exam Question
Which of the following statements is NOT true regarding foreign exchange swap agreements?
a) It is a contract in which one party borrows one currency from one party and simultaneously lends another currency to another party.
b) Each party uses the repayment obligation to its counterparty as collateral and the amount of repayment is fixed at the foreign exchange forward rate as determined by the contract.
c) Foreign exchange swaps can eliminate foreign exchange rate risks.
d) Foreign exchange swaps have counter-party risks.

CMFAS M8A (Set 1)
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4 Sep 2025
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 M1B (Set 1)
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4 Sep 2025
CMFAS M1B Exam Question
A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership unless it is a:
a) swap sale
b) wash sale
c) trade sale
d) time sale